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
Tax Deductions
Deducting Business Mileage: The Standard Rate vs. The Actual Expense Method
Deducting the miles you travel for your business is a great way to lower your taxable income. But if you’re like most… 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
Bought or Sold a Home in 2018? Here’s What’s Different Before and After Tax Reform
If you bought or sold a home before 2018, you probably found you were eligible for certain tax breaks that specifically benefitted… 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… READ MORE
What to Know About the Charitable Gift Deduction After Tax Reform
Before tax reform, you could deduct up to 50% of your Adjusted Gross Income for charitable contributions. The new tax… READ MORE
Did Tax Reform Change the Deductions for Your Home Office?
If you claimed your home office as a miscellaneous deduction on your individual income tax return, the Tax Cuts and Jobs… READ MORE
Reduce Your Taxable Income to Increase Your Refund
The Tax Cuts and Jobs Act has impacted several important itemized deductions going into tax year 2018. If you’ve itemized… READ MORE
Married Filing Separately Vs. Jointly
If you’re married, you have the option to file one or two tax returns every year. While most people file together… READ MORE
Can I Get a Natural Disaster Tax Deduction?
It’s hard to get your assets in order when you’re worried about the impending red blip on the radar. But a few… READ MORE