Tax Deductions
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…
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…
Tax deduction for moving expenses
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…
2025 and 2026 Work From Home Tax Deductions
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2013/01/wfh.mp4"][/video] There are certain work from home tax deductions that can reduce your taxable income by a sizable amount, but only…
The tax implications of changing jobs
There are many factors involved in changing your job, such as adapting to new working conditions, making a new budget, and updating your tax strategy.…
