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 you can deduct charitable contributions worth up to 60% of your AGI. But special rules do apply, depending… 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
All About The Child and Dependent Care Credit
The information in this article is up to date for tax year 2022 (returns filed in 2023).
For many working parents,… 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
Who Can I Claim as a Dependent?
The information in this article is up to date for tax year 2022 (returns filed in 2023).
Claiming a dependent is one of the… Read more
Tax Deductions for Medical and Dental Expenses
If you have significant medical expenses that weren’t reimbursed by your insurance plan, you may choose to itemize… Read more
Child Tax Credit
If you claim at least one qualifying child as a dependent on your tax return, you may be… Read more
Green Energy Tax Credits for Home Improvements and Vehicles
The information in this article is up to date through tax year 2022 (tax returns filed in 2023).
There are several reasons… Read more
What Are Tax Credits and Tax Deductions?
The information in this article is up to date through tax year 2022 (taxes filed 2023). Tax credits and tax deductions… Read more