Tax Deductions

The Latest

  • February 4, 2013

    There are many costs associated with moving and they can really add up fast. Fortunately, if you are moving because of a new job, or your current job changed location, you may be permitted to deduct your moving expenses on your...

  • February 1, 2013

    A lot of people have heard about itemizing deductions. However, most are not sure how itemizing can benefit them or whether itemizing is even a logical choice for them. TurboTax's Jeremy Shore discusses when people should consider itemized...

  • January 31, 2013

    NEW YORK (MainStreet) — One of the temporary benefits extended for tax year 2013 by the American Taxpayer Relief Act of 2012 was the ability for people age 70.5 and older to transfer up to $...

  • January 28, 2013

    There are many expenses associated with homeownership, so it’s nice to know that there are tax breaks to help ease the financial burden. The Home Office Tax Deduction is designed for individuals who use a portion of their home for business...

  • January 24, 2013

    The current housing market is full of foreclosed homes and properties that have plummeted in value. In fact, it has been reported that the real estate market has a negative equity gap of about $3.7 trillion, with millions of homeowners underwater...

  • January 23, 2013

    Most people get their taxes done by an accountant. However, there are also a lot of people that use tax software. There are pros and cons to each tax preparation method and the ideal choice depends on your specific situation. CNBC contributor...

  • January 23, 2013

    Moving to a new home involves a lot of planning and work, and it can be costly as well. If you are moving because you got a new job, or your current job changed...

  • January 22, 2013

    You like to save money. You negotiate for lower rates on your cell phone bill, and you never buy a car without haggling with the salesman. So why would you not...

  • January 22, 2013

    If you use part of your home for business, you may be able to benefit from the home office tax deduction. This tax help can be used by individuals who are employees or who are self-employed. Claiming the home office tax deduction is a good...

  • January 18, 2013

    Teachers often find themselves in the position of having to buy certain supplies for the classrooms. However, they are not the only ones. You should know that you may be able to deduct some of these job related expenses on your tax return. Find...