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 Deductions
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 2018 and 2019, you might be wondering what you are allowed… 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
Filing Taxes as a Married Couple
Getting married changes a lot of things. It is an exciting time, but after all the adrenaline dissipates, you have… 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
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
Before and After Tax Reform: Filing Taxes as a Single Parent
Divorce or separation definitely impact your tax situation. If you have children, there are several tax credits and deductions… READ MORE