Tax Deductions
Smart move: Deduct your relocation expenses
Did you move for a job last year? You may be entitled to a deduction for your unreimbursed moving expenses.NEW YORK (MainStreet) — Did you…
Nine tax breaks you’re probably missing
The U.S. tax code clocked in at more than 73,000 pages last year. Here's what's hiding inside. NEW YORK (MainStreet) — The tug of…
Do I need my babysitter’s Social Security number?
Mary Poppins might play hard ball if you ask for her social. Here's a spoonful of tax advice to help you get her on the…
Is a live-in girlfriend or boyfriend tax-deductible?
Maybe, if she wasn’t working last year, or didn’t earn very much. A qualifying partner gives you an extra personal exemption, worth $3,800. This works…
Special rules for deducting moving expenses
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…
Terrific charitable transfer rule is back
A great savings technique is back for those 70.5 and older. NEW YORK (MainStreet) — One of the temporary benefits extended for tax year…
Can I claim the home office tax deduction for part time work?
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…
What is mortgage forgiveness?
The Mortgage Debt Relief Act of 2007 can help homeowners in foreclosure or short sale situations The current housing market is full of foreclosed…
