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Tax Deductions | How to Save on Your Tax Return
The Internal Revenue Service (IRS) offers many tax benefits for taxpayers to take advantage of during the tax season. Tax deductions are different from tax …
The Best Tax Deductions for Your Business
It’s important to know the best tax deductions for your business. You can deduct the cost of many things as a small business. For example, …
Charitable Deductions | Everything You Need to Know
Have you sent in a charitable donation and wonder if it will count as a tax deduction? The rules for this are a little complicated …
What is the Standard Deduction and How Does it Work?
The standard deduction is a specific amount decided upon by the Internal Revenue Service (IRS) each year to help lower the taxable income of taxpayers. …
Casualty, Theft, & Disaster Loss | What Can You Deduct?
Going through a natural disaster is never a good thing, but you might be able to deduct the casualty, theft, and disaster losses you incurred …
Tax Credits | What You Need to Know When Filing
Tax credits are tax breaks offered by the IRS that allow you to reduce your tax liability by the amount of the tax credit. Tax …
What are Refundable Tax Credits
If you are looking to reduce your tax bill, you may want to see if you qualify for a refundable or partially refundable tax credit. …
The Child Tax Credit
The Child Tax Credit (CTC) was created to help families with the cost of having children by offering a partially refundable tax credit. For the …
Child and Dependent Care Tax Credit | What is It?
The Child and Dependent Care Tax Credit is another great tax credit you should try to take advantage of (if you qualify). It was created …
Health Coverage Tax Credit
The Health Coverage Tax Credit allows you to have 72.5% of your qualified health insurance coverage premiums to be paid directly to your health plan …
COVID-19 Tax Changes | What You Need To Know
Because of the COVID-19 pandemic, the government has made several laws and adjustments to the IRS code. This helps American taxpayers who were adversely affected …
The Additional Child Tax Credit
The Additional Child Tax Credit (ACTC) is a tax credit for taxpayers who get less than the full amount of the Child Tax Credit. This …
