If you’re self-employed, you may be wondering if you can deduct health insurance premiums from your tax return. Well, there’s good news – depending on […]
Self-Employed Health Insurance Deduction: How It Works Read More
A tax “write-off” is basically just slang for a tax deduction. It is an expense you can claim on your tax return to reduce your taxable income. Different tax write-offs
What is a Tax Write-Off? Read More
Form 1098 tax forms report different types of payments or contributions that may be tax-deductible. There are different versions of Form 1098. They report on: You’ll use the
What is Form 1098? Understanding The Different Types Read More
Being self-employed comes with many benefits, like making your own schedule. It also has disadvantages, like not having someone to reimburse you for travel expenses.
Business Travel Tax Deductions for the Self-Employed 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,
Can I Deduct Vehicle Sales Tax? Read More
Your medical expenses may save you money at tax time, but a few key rules apply. Here are some tax tips to help you determine if you can claim a tax deduction:
Are Medical And Dental Expenses Tax Deductible? Read More
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.
Understanding the Mortgage Interest Deduction Read More
If you are a recent college grad struggling to pay down your student debt, it may feel like you’ll never catch a break. Fortunately, there
Do I Qualify for the Student Loan Interest Deduction? Read More
Part of having a child is accepting the financial commitment to support them. Think about diapers, childcare, education, and extra-curricular activities, and the costs start to add up quickly. But there are several significant tax breaks for taxpayers with dependents, which can help to offset some of the cost by reducing the amount of tax you owe.
Does Claiming a Dependent Lower Taxes? Read More
When you’re filling out your tax return, you may choose to either take the standard deduction or itemize. What does it mean to take the standard deduction?
Standard Deduction vs. Itemized Deduction: How to Choose Read More
