Tax Deductions

Tax Breaks for Parents
Raising a child is expensive, but you can partially offset some of the expenses by utilizing tax deductions and tax credits that are available to…
Adjusted Gross Income (AGI) vs. Modified Adjusted Gross Income (MAGI)
What’s the Difference Between Your AGI and MAGI? When it comes to calculating your taxes, you will often hear two different terms regarding income: Adjusted…
How to Deduct Your Job Hunting Expenses
Job Search Expenses Can Be Tax-DeductibleIf you have been looking for work this past year, you might be in luck come tax time. Certain job…
5 Tax Deductions for Businesses
Beyond normal day-to-day business expenses, there are many other tax deductions that can help business owners reduce their tax liability. Not using all the deductions…
Tax Deductions for Medical Expenses
Medical expenses, especially if they are unexpected, can take a bite out of your savings. However, you may be able to find some tax relief…
7 Facts About Miscellaneous Deductions
Tips for Claiming Miscellaneous Deductions on Your Income Tax ReturnItemizing your deductions (as opposed to claiming the standard deduction) means that you may be able…