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
Tax Credits & Deductions
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… 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
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
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
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 accomodations that might… READ MORE
College Students: Are You Getting Your Education Tax Credits?
The cost of getting through college can be overwhelming. Fortunately, there are tax credits you can claim to offset those… READ MORE
Can I Get a Natural Disaster Tax Deduction?
The damage done by a natural disaster like a hurricane can be devasting. The official hurricane season runs from June to… READ MORE
Do I Qualify for a Student Loan Interest Deduction?
If you are a recent college grad struggling to pay down your student debt, it may feel like you’ll never catch a break. Fortunately,… READ MORE
Are Campaign Contributions Tax Deductible?
Some people express political support by donating to political organizations, campaigns, and candidates. You may wonder… READ MORE