Tax Breaks

How Do I Claim Energy Efficient Tax Credits?

There are several reasons to make your home more energy-efficient. Energy saving upgrades can help… Read more

The Earned Income Tax Credit (EITC), also known as the Earned Income Credit (EIC), is a tax credit for low to moderate-income… Read more

There are several federal tax breaks for taxpayers who claim dependents on their return. These breaks can reduce the amount… Read more

The damage done by a natural disaster can be devastating, and it can take months or even years to recover. The IRS offers a… Read more

When you’re filling out your tax return, you may choose to either take the standard deduction or itemize, depending on… Read more

It depends. If you’re like many Americans who dedicate time to giving back to the community, there are certain items related… Read more

The short answer is usually no – but there are a few situations where your furry friend might qualify for certain deductions… Read more

According to the IRS, you can deduct cash charitable contributions worth up to 60% of your AGI, with special rules allowing… Read more

Buying a new car can seem like a huge investment, especially when you add in the sales tax and other fees. The good news is,… Read more

While a small number of tax credits and deductions apply to homeowners only, there are several breaks that you can also claim… Read more