8 Surprising Tax Credits and Deductions You Should Know About
A tax deduction reduces the amount of income you earn that is subject to federal income tax, and a tax credit reduces… Read more
Tax Credits
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?
While a small number of tax credits and deductions apply to homeowoners only, the fact is there are several breaks that you… Read more
Top 5 Tax Breaks for Parents Getting a Degree
The information in this article is up to date through tax year 2020 (taxes filed in 2021).
If you are raising children and… Read more
Home Improvements Tax Credits
The information in this article is up to date through tax year 2019 (tax returns filed in 2020).
Home improvements increase… Read more
Filing Taxes as a Married Couple
The information in this article is up to date through tax year 2018 (tax returns filed in 2019).
Getting married changes … Read more
Before and After Tax Reform: Filing Taxes as a Single Parent
This article is up to date and accounts for tax law changes for tax year 2018 (tax returns filed in 2019).
Divorce or separation… Read more
6 First-time Homeowner Tax Breaks
Buying your first home will probably be your largest purchase to date. It’s exciting to finally own your own space, but it… Read more
All About The Child and Dependent Care Credit
For many working parents, paying for childcare is simply a fact of life. But a portion of those expenses could actually qualify… Read more
Tax Terms You Should Become Familiar With Before Filing
This article was last edited on March 1, 2017. For an updated list of essential tax vocabulary, read What Tax Terms Do You… Read more