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Tax 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

Save Money With These Tax BreaksIf you are a homeowner, your home could be a great asset when it comes to doing your tax return.…


Commonly Overlooked Tax Deductions [Infographic]

Federal Tax Deductions: From the Common to the UncommonYou probably know that the IRS (Internal Revenue Service) provides a variety of tax breaks for U.S.…


Tax-Deductible Moving Expenses

Tax Tips About Moving Expenses and Your Federal Tax ReturnIf you have to move because of your job — whether you’re starting a new job…


Personal and Dependent Exemptions

Facts About Claiming Exemptions on Your Tax ReturnGenerally, taxpayers are allowed to claim exemptions on their tax returns that reduce their amount of taxable income.…


5 Tips for People Who Owe Taxes

What To Do If You Owe Money to the IRSIf you owe taxes, it may feel as though you’ve been cast adrift upon a sea…


Tax Tips for the Self-Employed

Special Tax Considerations for Self-Employed IndividualsThe ability to work for yourself and be your own boss is an exciting prospect. Becoming self-employed in your field…


5 Popular Itemized Deductions

Commonly Used Tax Deductions for IndividualsWhen you prepare your tax return, you have the option of claiming the standard deduction or itemized deductions.While the standard…