What Are Tax Credits and Tax Deductions?
Tax credits and tax deductions are two different types of tax breaks. Both can lower your tax bill, but they… READ MORE
Tax Credits & Deductions
The Adoption Tax Credit: Money Back for Growing Families
When you factor in all the legal, medical, and court expenses – plus any related travel and accomodations that might… READ MORE
College Students: Are You Getting Your Education Tax Credits?
The cost of getting through college can be overwhelming. Fortunately, there are tax credits you can claim to offset those… READ MORE
Can I Get a Natural Disaster Tax Deduction?
The damage done by a natural disaster like a hurricane can be devasting. The official hurricane season runs from June to… READ MORE
Do I Qualify for a Student Loan Interest Deduction?
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,… READ MORE
Are Campaign Contributions Tax Deductible?
Some people express political support by donating to political organizations, campaigns, and candidates. You may wonder… READ MORE
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… READ MORE
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
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