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
Tax Deductions
Did Tax Reform Change the Deductions for Your Home Office?
The Tax Cuts and Jobs Act (TCJA) of 2017 eliminated the miscellaneous deduction for home office expenses for… 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
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
6 Facts for Military Spouse Taxes
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
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