Child Tax Credit
If you claim at least one qualifying child as a dependent on your tax return, you may be eligible for the child tax credit. … Read more
Tax Credits & Deductions
Education Tax Credits for College Students
The cost of attending college courses can be significant, but there are a few tax breaks available to help offset… Read more
Renters: 7 Tax Deductions & 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
Rental Property Income: What to Report and What to Deduct on Your Taxes
For taxpayers who own residential property, renting is often an additional source of income. If you are looking to maximize… Read more
Deducting Sales Tax: When Does it Make Sense?
Sales tax is deductible on your tax return. But before you jump in and start writing off what you paid for sales tax this year,… Read more
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
What Counts as a Charitable Donation Deduction for a 5k Run?
Running for a cause is a great way to show support while testing your physical endurance. Serious competitors invest more… Read more
What is a Tax Write-Off?
A tax “write-off” is basically just slang for a tax deduction. It is an expense you can claim on… Read more
Basic Facts and FAQs About the Earned Income Tax Credit (EIC or EITC)
The Earned Income Tax Credit (EITC) is a tax break intended to benefit low-to-moderate income earners. The income limit… Read more
Can You Claim the Earned Income Tax Credit?
The Earned Income Tax Credit (EITC) is a tax credit for low to moderate-income families who meet the specific income and… Read more