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Tax Deductions

Understanding The Standard Tax Deduction

Claim the Standard Deduction on Your 1040 Return to Lower Your Income Tax Liability Are you going to take the standard tax deduction, or will…


5 Top Tax Deductions for Individuals

Don’t Miss Out on Deductions That Reduce Your Income Tax Liability One of the best ways to reduce your income tax liability (and possibly increase…


Tax Deductions

How These Tax Breaks Can Lower Your IRS Bill Tax deductions are a type of tax break that helps reduce your income tax balance. They…


Tax Deductions For Medical Expenses & Health Insurance

Federal Tax Breaks to Help With the Costs of Medical Care & Health Insurance Premiums The cost of health insurance and medical expenses can be…


Personal and Dependent Exemptions

Facts About Claiming Exemptions on Your Tax Return UPDATE: You are no longer allowed to claim personal and/or dependent exemptions on your income tax return.…


Small Business Tax Deductions

We know it. You know it. Tax deductions for a small business are complicated. But making sure a business is tracking and applying all deductions…


7 Year-End Tax Tips

During the month of December, consider these year-end tax tips that could save you money when April 15th comes around.1) Give to CharityIf you plan on…


Tax Breaks for Homeowners

How to Save Money With Tax Credits & Deductions for Your Home If you are a homeowner, your home could be a great asset when…