Tax Deduction for Medical and Dental Expenses
The information in this article is up to date through tax year 2019 (taxes filed in 2020).
If you have significant medical… Read more
Tax Deductions
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
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
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
Top 5 Tax Breaks for Parents Getting a Degree
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
How Playing Fantasy Sports Affects Your Taxes
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
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
Are Campaign Contributions Tax Deductible?
The information in this article is up to date through tax year 2019 (taxes filed in 2020).
Some people express political… 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