Subscriptions That Could Actually Be Tax Deductible
In today’s world there are subscriptions for everything. Meals, music, radio, tv, magazines, clothing and more can all… Read more
Tax Credits & Deductions
Understanding the Mortgage Interest Deduction
The mortgage interest deduction allows homeowners to reduce their taxable income by the amount of interest paid on a qualified… Read more
7 Ways Claiming a Dependent Can Lower Your Taxes
There are several federal tax breaks for taxpayers who claim dependents on their return. These breaks can reduce the amount… 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
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. … Read more
Everything You Need to Know About the Home Office Tax Deduction
Many companies have transitioned employees to working remotely for at least a portion of the time. If you set up … Read more
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