Renters: 7 Tax Deductions & Credits You May Qualify For
While a small number of tax credits and deductions apply to homeowners only, there are several breaks that you can also claim… Read more
Tax Deductions
How Playing Fantasy Sports Affects Your Taxes
An estimated 57 million to 75 million people join fantasy football leagues through hosting sites like DraftKings, Yahoo!,… 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
Subscriptions That Could Actually Be Tax Deductible
In today’s world there are subscriptions for everything. Meals, music, radio, tv, magazines, clothing and more can all… Read more
Understanding the Mortgage Interest Deduction
The mortgage interest deduction allows homeowners to reduce their taxable income by the amount of interest paid on a qualified… 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
5 Tax Tips for Your First Job
New to the workforce? Congrats! A new role comes with both new freedoms and responsibilities. If you… Read more
Top 5 Tax Breaks for Parents Getting a Degree
If you are raising children and also earning a degree, there are several tax breaks available to you. Here is a quick look… Read more
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 tax years… 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… Read more