Tax Deductions

The Latest

  • December 11, 2017

    During the month of December, consider these year-end tax tips that could save you money when April 15th comes around.

    1) Give to Charity

    If you plan on a itemizing your deductions, you can reduce your tax liability with an end-of-year...

  • August 31, 2017

    If you are a homeowner, your home could be a great asset when it comes to doing your tax return. To encourage homeownership and energy conservation, the government provides several tax breaks geared toward homeowners. Using these...

  • January 30, 2017

    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...

  • October 3, 2016

    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...

  • 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 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.

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    Here are some...