Tax Breaks

How Dependent Tax Deductions Can Lower Your Taxes

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

Depending on the type of subscription and how it relates to your work or business, you may be able to write off that… Read more

The cost of attending college courses can be significant, but there are several tax credits for college students to help … Read more