Tax Deductions
Nonprofits With Tax Returns: What Are IRS Form 990 and Form 990-EZ Used For?
There’s no profit in not turning in your Form 990 or Form 990 EZ! When it comes to keeping your organization’s tax-exempt status in good…
IRS Code 806: What the Notice Means & How to Respond
IRS Code 806 is a line on your IRS Account Transcript that shows how much federal income tax and excess Social Security (FICA) tax was…
What Is Tax Form 8911: What It Is And How To Use It
Form 8911 is used to claim the Alternative Fuel Vehicle Refueling Property Credit (similar to the EEHIC). If you installed EV charging or other qualified…
Is Daycare Tax Deductible? Here’s What You Should Know in 2025
Daycare expenses can be a major cost for working parents, but the good news is, they may help reduce your taxes. Certain childcare costs are…
Form 8958: Allocation of Tax Amounts Between Certain Individuals in Community Property States
IRS Form 8958 helps married couples who live in community property states split up income, deductions, and credits when filing separately. If you're not filing…
Form 8615: A Guide for Parents and Young Taxpayers
Taxes can be a bit tricky, especially when there are rules that catch families off guard. One of those rules involves Form 8615, or the…
Form 4684: Reporting Casualty and Theft Losses in 2025
When disaster strikes (whether from a storm, fire, theft, or another unexpected event) the emotional and financial toll can be huge. If you've experienced a…
Form 2106: A Guide for Employee Business Expenses
When it comes to tax time, there are plenty of forms out there that seem to only apply to certain people in very specific situations.…
