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.
What does… READ MORE
Tax Credits & Deductions
Interesting Tax Deductions
With the Tax Cuts and Jobs Act changing many tax deductions for 2018 and 2019, you might be wondering what you are allowed… READ MORE
Depreciation and Your Small Business
When you work for yourself, almost all your business-related expenses can be deducted on your tax return. But instead of… READ MORE
Understanding the Mortgage Interest Deduction
This post has been updated for tax year 2018 (returns filed in 2019).
The Mortgage Interest Deduction allows homeowners… READ MORE
Is Volunteering Tax Deductible?
Are you like many Americans who dedicate time to giving back to the community? Have you traveled to disaster areas to help… READ MORE
7 Ways Children Can Reduce Tax Liability
Part of having a child is accepting the financial commitment to support them. Think about diapers, childcare, … READ MORE
Do Renters Qualify for a Tax Deduction?
The truth is there is no federal tax deduction for monthly rent – but depending on where you live, you might be able… 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. If you meet the specific income… READ MORE
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 work in different… READ MORE
5 Tax Breaks for Single Parents Going Back to School
Life throws many challenges at you. If you are raising children while trying to earn a degree, there’s no denying your plate… READ MORE