Tax Breaks

Charitable Donation Tax Deduction: Clothing & Household Items

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

Deducting the miles you drive for business purposes is a great way to lower your taxable income. But if you’re like most people,… Read more

Tax credits and tax deductions are two different types of tax breaks. Both can lower your tax bill, but they work in different… Read more

The information in this article is up to date for tax year 2025 (returns filed in 2026). The mortgage interest deduction… Read more

A tax “write-off” is basically just slang for a tax deduction. A tax write-off or deduction is an expense you can claim on… Read more

As students and teachers head back to the classroom, many educators will dip into their own pockets to pay for school supplies.… Read more