Got family? Then you might have tax deductions as well. For each dependent you can claim, you can deduct $3,900 from your federal taxable income, which is likely to reduce your taxes. Full story
There are many wonderful reasons for buying gifts for your colleagues and business associates. There’s also one more incentive to make those gift purchases. All or part of the cost of your business gifts can actually become tax deductions. Here are the rules.
As we honor those who have served our country and continue to serve this Veteran’s Day, we would like to share money saving tax tips for our troops protecting our country.
Fall is here, and if you’re remembering your heating bills from last winter, you probably are already thinking about what you can do to cut that bill. Today, we look at tax breaks that help save you money while you make your home a bit more energy efficient.
Did you have a baby this year? If so, congratulations on the little tax deduction! Fortunately, along with your new baby, your family is now eligible for new tax deductions as well. Don’t overlook the tax advantages that come when you add a new member to your family. Full story
As the days draw shorter and Daylight Savings Time draws to an end, we’re reminded that the end of the year is almost here. You’ve probably already turned on the heat for the first time this winter and it’s time to start thinking about energy bills. There are a number of energy-saving ways to improve your home’s tax efficiency. Here are two of the tax breaks available for 2013.
Regardless of how you decide to give, it’s important to do it the right way so you can save as much as possible on taxes. If the government is willing give you a tax break as you’re helping others, it makes no sense not to take advantage of it, right? Full story
You filed for a tax extension and bought yourself a bit of time. The clock’s been ticking and the October 15th tax deadline is approaching. Hopefully, you’ve spent this time gathering your documents. Today, we’ll discuss the tax deductions that you may not be thinking about. Full story
Were you particularly generous this summer by donating not only your money but also your time? If so, keep reading to see if some of your charitable nature might be rewarded by an increased tax deduction next April. Full story
To combat the ever increasing price of college education, the tax code provides some relief via education tax credits and deductions. Here’s what you need to know about the education tax credits and deductions that will save you money at tax-time. Full story