Everything You Need to Know About the Home Office Tax Deduction
Many companies have transitioned employees to working remotely for at least a… Read more
Tax Credits & Deductions
Who Can I Claim as a Dependent?
One of the most reliable tax breaks is claiming a dependent. Most people with children or an elderly parent can do so, but … Read more
The 2021 Recovery Rebate Credit
To help offset the financial impact of the COVID-19 pandemic, the U.S. government delivered three separate Economic… Read more
All About The Child and Dependent Care Credit
For many working parents, paying for childcare is simply a fact of life. But a portion of those expenses could actually qualify… 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… Read more
Everything You Need to Know About the 2021 Child Tax Credit
The American Rescue Plan expanded the Child Tax Credit (CTC) as well as changed some of the existing… Read more
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 accommodations that might… Read more
Green Energy Tax Credits for Home Improvements and Vehicles
The information in this article is up to date through tax year 2020 (tax returns filed in 2021).
There are several reasons… Read more
4 Tax Breaks When You Care for Aging Family Members
As a caregiver, you may qualify for a few tax breaks that can save you money, lower your tax bill, and provide some financial… Read more
What is a Tax Credit and How Does it Work?
Tax credits are a type of tax benefit that lower your income tax bill and, in some cases, increase your tax refund. There… Read more