Tax Deductions

The Latest

  • July 19, 2016

    You probably know that the IRS (Internal Revenue Service) provides a variety of tax breaks for U.S. taxpayers. But are you taking advantage of all the tax...

  • February 3, 2016

    Generally, taxpayers are allowed to claim exemptions on their tax returns that reduce their amount of taxable income. There are two main types of exemptions: personal exemptions and exemptions...

  • October 30, 2015

    If you owe taxes, it may feel as though you’ve been cast adrift upon a sea of uncaring bureaucracy. Don’t despair—you have rights! In fact, there is a new “...

  • October 29, 2015

    If you have to move because of your job — whether you’re starting a new job or working at the same job in a new location — you may be able to deduct some of your moving expenses on your income tax...

  • October 28, 2015

    The ability to work for yourself and be your own boss is an exciting prospect. Becoming self-employed in your field of expertise can give you the freedom to find a work-life balance that is hard to achieve when you are employed by a someone else...

  • October 27, 2015

    When you prepare your tax return, you have the option of claiming the standard deduction or itemized deductions.

    While the standard deduction is easier to claim, about one-third of...

  • October 8, 2015

    A change in life circumstances, whether good or bad, can affect your tax return.

    >> Start Your FREE E-file

    Here are some...

  • September 30, 2015

    This article gives you the tax rates and related numbers that you will need to prepare your 2015 income tax return. In general, 2015 individual tax returns are due by April 15, 2016.

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  • September 4, 2015

    Millions of people enjoy having hobbies — whether it’s photography, antiquing, craft making, collecting coins, or breeding horses. It usually costs money to support a hobby, but in some cases, your hobby can also make you money.

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