Tax Breaks

The truth is there is no federal tax deduction for monthly rent – but depending on where you live, you might be able to deduct your payments on your state tax return. If you’re looking for tax breaks, here are some that you might be able to take as a renter.

The Earned Income Tax Credit (EITC) is a tax break intended to benefit low-to-moderate income earners. The income limit requirements and the maximum amount of

The Mortgage Interest Deduction is a valuable tax break for many homeowners. Beginning in tax year 2018, married couples filing jointly can deduct the interest for qualified residence loans up to a combined total of $750,000. For couples filing separately, the limit is $375,000.  

If you rely on a service animal to navigate life, you may be asking yourself, “Can I claim my dog on my taxes?” The answer

There are tax benefits to help offset the costs of higher education. TaxSlayer can help you figure out which education credits you can take.

Looking to donate clothing, household items, or vehicles? Determine how much your donation is worth and if it qualifies for a charitable contribution deduction.

If you claim at least one qualifying child as a dependent on your tax return, you may be eligible for the Child Tax Credit. If

If you’re raising children and earning a degree, there are several tax breaks available to you. Here’s a quick look at the top five breaks