One of several tax breaks extended by Congress last minute Fiscal Cliff activity on New Year’s Day is the Educator Expense Deduction. While most education tax breaks benefit those who pay to learn, the Educator Expense Deduction is for those who teach.
The State and Local Sales Tax Deduction expired in 2011, but was extended thanks to the American Taxpayers Relief Act of 2012. Consequently, certain taxpayers will still benefit from this important tax deduction. Full story
To help you through Valentine’s Day without breaking the bank, here are five tips to… Full story
Student loans have become a tremendous burden. Even though you can’t escape the payments, are there any tax breaks for student loans? Luckily, most taxpayers who make student loan payments on a qualified student loan will get a little relief. Full story
The deadline to appeal property taxes is in September in many areas. With the decline in property values, it may be worth appealing your property tax value to make sure you are paying the correct property tax amount. You may be able to save money. Column Five’s, Josh Ritchie gives us details on how frequency of use of second properties may impact how you report property taxes.
IRAs can be a powerful tool that can help you build your finances, prepare for a better retirement, and get a hefty savings at tax time. Find out more. Full story
Questions regarding dependents can be tricky and odd. They can leave you wondering if you can take a tax deduction or credit. Check out this cool infographic with questions and answers to help you. Full story
Eligible educators can get an extra tax break with the Educator Expense Tax Deduction. The deduction is set to expire on December 31, 2011. Find out more. Full story
The holidays are typically the season of giving, but how has the economy impacted charitable… Full story
When doing your 2010 tax return are you taking the standard deduction or itemizing your tax return? Learn which route might work best for you. Full story