Tax Deductions
Is My Gym Membership Tax Deductible?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/gym.mp4"][/video] With the rising costs of fitness centers, the question might pop into your head from time to time: Uh, is my…
Tax Benefits for Education (Part 2)
2021-2022 Federal Education Tax Breaks for College Savings Plans This article is second in a series titled “Tax Benefits for Education.” Read the first…
Tax Benefits for Education
2020-2021 Federal Education Tax Breaks for Your 1040 Return There are a number of different education tax benefits that you may be able to claim…
An Overview of Tax Deductions
It is in your best interest to take advantage of every tax credit and deduction available to you. With tax laws constantly changing and the…
2 tax benefits self-employed professionals should know about
Undoubtedly the two biggest benefits of having an employer are health insurance and retirement plans, right? Wrong. Both of these pricey items are covered when…
Tax Credit vs Deduction
Use Tax Breaks to Lower Your IRS Bill As you probably know, tax credits and tax deductions can help reduce your overall income tax liability.…
Types Of Tax Deductions
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Essential_Tax_Deductions_Explained.mp4"][/video] An Overview of the Types of Tax Deductions & How to Claim Them on Your Return With the ever-changing tax laws…
IRS record-keeping rule: What receipts to save in substantiating charitable donations
A fairly recent record-keeping rule has been a surprise for many audited taxpayers. The IRS has tightened up a number of taxpayer loopholes in the…
