Tax Credits & Deductions, Tax Tips Subscriptions That Could Actually Be Tax Deductible TaxSlayer Editorial Team May 11, 2022 38,004 Closed In today’s world there are subscriptions for everything. Meals, music, radio, tv, magazines, clothing and more can all… Read more 38,004 4 CommentsClosed
Tax Credits & Deductions, Tax Law Changes Understanding the Mortgage Interest Deduction TaxSlayer Editorial Team April 23, 2022 79,823 Closed The mortgage interest deduction allows homeowners to reduce their taxable income by the amount of interest paid on a qualified… Read more 79,823 13 CommentsClosed
Tax Credits & Deductions 7 Ways Claiming a Dependent Can Lower Your Taxes TaxSlayer Editorial Team April 22, 2022 50,133 Closed There are several federal tax breaks for taxpayers who claim dependents on their return. These breaks can reduce the amount… Read more 50,133 7 CommentsClosed
Tax Credits & Deductions Deducting Sales Tax: When Does it Make Sense? TaxSlayer Editorial Team April 4, 2022 21,958 Closed 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 21,958 3 CommentsClosed
Tax Credits & Deductions, Tax Tips What is Itemizing and Who Should Do It? TaxSlayer Editorial Team January 5, 2022 18,057 Closed When you’re filling out your tax return, you may choose to either take the standard deduction or itemize. … Read more 18,057 4 CommentsClosed
Self-Employed Tax Tips, Tax Credits & Deductions Everything You Need to Know About the Home Office Tax Deduction TaxSlayer Editorial Team August 24, 2021 48,463 Closed Many companies have transitioned employees to working remotely for at least a portion of the time. If you set up … Read more 48,463 10 CommentsClosed
Tax Credits & Deductions, Tax Tips Who Can I Claim as a Dependent? TaxSlayer Editorial Team July 12, 2021 43,426 Closed 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 43,426 25 CommentsClosed
COVID-19 and Stimulus Tax Resources, Tax Credits & Deductions, Tax Law Changes The 2021 Recovery Rebate Credit TaxSlayer Editorial Team June 24, 2021 18,638 Closed To help offset the financial impact of the COVID-19 pandemic, the U.S. government delivered three separate Economic… Read more 18,638 24 CommentsClosed
Tax Credits & Deductions, Tax Law Changes All About The Child and Dependent Care Credit TaxSlayer Editorial Team June 23, 2021 23,538 0 Comments For many working parents, paying for childcare is simply a fact of life. But a portion of those expenses could actually qualify… Read more 23,538 19 0Comments
Can You Claim the Earned Income Tax Credit? TaxSlayer Editorial Team June 16, 2021 50,114 0 Comments The Earned Income Tax Credit (EITC) is a tax credit for low to moderate-income families who meet the specific… Read more 50,114 14 0Comments