Tax Relief for Victims of a Natural Disaster
The damage done by a natural disaster can be devastating, and it can take months or even years to recover. The IRS offers a… Read more
Tax Credits & Deductions
Deducting Charitable Donations of Clothing and Household Items
The tax laws say that you can deduct charitable contributions worth up to 60% of your AGI. But special rules do apply, depending… Read more
Can You Claim the Earned Income Tax Credit?
The information in this article is up to date for tax year 2022 (taxes filed in 2023).
The Earned Income Tax Credit (EITC)… Read more
Understanding the Mortgage Interest Deduction
The information in this article is up to date for tax year 2022 (returns filed in 2023).
The mortgage interest deduction… Read more
7 Tax Deductions for Renters & Credits You May Qualify For
While a small number of tax credits and deductions apply to homeowners only, there are several breaks that you can also claim… Read more
Tax FAQs for College Students
If you’ve never filed a tax return on your own before, you may be wondering what’s expected of you now that you’re a high school… Read more
Everything You Need to Know About Form 1098
Form 1098 tax forms report different types of payments or contributions that may be tax-deductible. There… Read more
The Home Office Tax Deduction for In-home Daycare Providers
When you run an in-home daycare facility, you’re probably going to use the same areas for business… Read more
Filing State Taxes in California
The state of California does collect personal income tax. If you live… Read more
Tax Deductions for Medical and Dental Expenses
If you have significant medical expenses that are not reimbursed by your insurance plan, you may choose to itemize your… Read more