Make IRA contributions before Tax Day
Investing in a retirement account is arguably one of the smartest ways you can use your money. While it’s quite admirable… READ MORE
Tax Credits & Deductions
Teachers: Can you Deduct Your Out-of-Pocket Classroom Expenses?
As students and teachers head back to the classroom, many educators will dip into their own pockets to pay for school supplies.… READ MORE
Tax Deduction for Medical and Dental Expenses
If you have significant medical expenses, you may receive some relief on your taxes. Events like unforeseen emergencies… READ MORE
Everything You Need to Know About Refinancing A Student Loan
With many federal student loans carrying interest rates of 6%, 7%, or 8%, and some borrowers stretching out their payment… READ MORE
The Foreign Tax Credit for U.S. Citizens Working Abroad
As an American citizen earning income, you are required to file federal income taxes in the U.S., even if you live and work… READ MORE
Rental Property Income: What to Report and What to Deduct on Your Taxes
Rent income is part of your gross income and must be reported on your tax return.
Types of Rental Income to Report
Normal rent… READ MORE
What is Itemizing and Who Should Do It?
When you’re filling out your tax return, you may choose to either take the standard deduction or itemize.
What does… READ MORE
Interesting Tax Deductions
With the Tax Cuts and Jobs Act changing many tax deductions for 2018 and 2019, you might be wondering what you are allowed… READ MORE
Depreciation and Your Small Business
When you work for yourself, almost all your business-related expenses can be deducted on your tax return. But instead of… READ MORE
Understanding the Mortgage Interest Deduction
This post has been updated for tax year 2018 (returns filed in 2019).
The Mortgage Interest Deduction allows homeowners… READ MORE