Tax Breaks

Most state and local governments tax personal property based on the value of qualifying items. According to the IRS, qualifying items include “moveable” property, like […]

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.

Adjustments to income are often referred to as above-the-line deductions because of their physical placement on IRS Form 1040. These deductions are listed above the

The information in this article is up to date for tax year 2023 (returns filed in 2024). The Earned Income Tax Credit (EITC) is a

The Earned Income Tax Credit (EITC) is a tax credit for low to moderate-income families. If you meet the specific income and dependent requirements, it will reduce your tax liability.

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

The information in this article is up to date for tax year 2023 (taxes filed in 2024).  Tax credits and tax deductions are two different

If you are considering home improvements to improve energy efficiency during the winter months, you could earn a tax credit at the same time.