Tax Credits & Deductions, Tax Law Changes Understanding the Mortgage Interest Deduction TaxSlayer Editorial Team January 8, 2021 58,095 Closed The Mortgage Interest Deduction allows homeowners to reduce their taxable income by the amount of interest paid on a qualified… Read more 58,095 0 CommentsClosed
Tax Law Changes Did Tax Reform Change the Deductions for Your Home Office? TaxSlayer Editorial Team January 5, 2021 29,096 Closed The Tax Cuts and Jobs Act (TCJA) of 2017 eliminated the miscellaneous deduction for home office expenses for tax years… Read more 29,096 1 CommentsClosed
Tax Credits & Deductions Deducting Charitable Donations of Clothing and Household Items TaxSlayer Editorial Team January 3, 2021 33,607 0 Comments 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 33,607 1 0Comments
Tax Credits & Deductions What Are Tax Credits and Tax Deductions? TaxSlayer Editorial Team January 1, 2021 15,487 Closed Tax credits and tax deductions are two different types of tax breaks. Both can lower your tax bill, but they… Read more 15,487 2 CommentsClosed
Tax Credits & Deductions 8 Surprising Tax Credits and Deductions You Should Know About TaxSlayer Editorial Team December 18, 2020 21,631 0 Comments A tax deduction reduces the amount of income you earn that is subject to federal income tax, and a tax credit reduces… Read more 21,631 1 0Comments
Tax Credits & Deductions Tax Deduction for Medical and Dental Expenses TaxSlayer Editorial Team May 29, 2020 16,827 0 Comments The information in this article is up to date through tax year 2019 (taxes filed in 2020). If you have significant medical… Read more 16,827 0 0Comments
Tax Credits & Deductions Do Renters Qualify for a Tax Deduction? TaxSlayer Editorial Team January 2, 2020 56,208 Closed While a small number of tax credits and deductions apply to homeowoners only, the fact is there are several breaks that you… Read more 56,208 2 CommentsClosed
Tax Credits & Deductions, Tax Tips Top 5 Tax Breaks for Parents Getting a Degree TaxSlayer Editorial Team December 21, 2019 10,246 Closed 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 10,246 1 CommentsClosed
Tax Tips How Playing Fantasy Sports Affects Your Taxes TaxSlayer Editorial Team November 24, 2019 12,967 Closed The information in this article is up to date through tax year 2019 (taxes filed in 2020). An estimated 57 million to 75… Read more 12,967 1 CommentsClosed
Military Tax Tips 6 Facts for Military Spouse Taxes TaxSlayer Editorial Team October 23, 2019 24,090 Closed Military spouses face a lot of challenges – and filing your taxes may be one of them. It’s normal to feel overwhelmed if you… Read more 24,090 1 CommentsClosed