College Students: Are You Getting Your Education Tax Credits?
The cost of getting through college can be overwhelming. Fortunately, there are tax benefits for being on the path to higher… READ MORE
Tax Deductions
Flag On the Play! Fantasy Sports Have Real Penalties
An estimated 57 million to 75 million people join fantasy football leagues through hosting sites like Draftkings,… 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
Deducting Charitable Donations of Clothing and Household Items
The tax laws say that you can deduct charitable contributions worth up to 60% of your AGI. But special rules do apply, depending… READ MORE
Teachers: Can you Deduct Your Out-of-Pocket Classroom Expenses?
As students and teachers head back to the classroom, many educators will dip into their own pockets to pay for school supplies.… READ MORE
Tax Deduction for Medical and Dental Expenses
If you have significant medical expenses, you may receive some relief on your taxes. Events like unforeseen emergencies… READ MORE
Interesting Tax Deductions
With the Tax Cuts and Jobs Act changing many tax deductions for 2019, you might be wondering what you are allowed to deduct. … 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
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
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