When it comes to U.S. taxpayers, there’s no end to the ingenuity applied when it comes to weird tax deductions and the crazy reasons given to justify them. Though some of them may seem like a reach, sometimes the IRS...
Last year, we hired a contractor to help us tackle a big home renovation project. Since I’m self-employed and my husband works from home a few days a week, having a dedicated space for us to work became a necessity....
Whether your child is a newborn or a teenager almost ready to head off to college, children have an impact on your taxes. Here are some of the things you should know. Get That Number You probably were given a...
Happy St. Patrick’s Day! Just like finding $20 in your coat pocket, getting a big tax refund can feel pretty lucky. Alas, luck has nothing to do with it! Knowing the tax deductions and credits available to you is a...
If you are in the military, we thank you for everything that you do. And Uncle Sam appreciates your service as well – the government recognizes your sacrifice and rewards you with a big basket of tax breaks. Here are five of them:
As you prepare to file your taxes, please keep in mind some helpful tax deductions and credits that may apply to your family. First off, many families filing are a bit confused over what exactly tax deductions and credits are. While...
Today on December 18, 2014 Congress passed a number of previously expired tax breaks called tax extenders, under the Tax Increase Prevention Act of 2014 (H.R. 5771). But what does this mean for you? These temporary tax breaks expired on...
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.
On January 1, 2013, the American Taxpayer Relief Act put more money back in taxpayers’ pockets with the permanent passage of many tax breaks. The payroll tax holiday, a temporary tax break to help stimulate the economy, however was not extended on January 1, 2013. Our infographic looks at how the expiration of the payroll tax holiday impacts spending habits and how individuals use their tax refunds.
The tax code has a number of hidden gems, credits or deductions that add up to a nice chunk of change you can save on your taxes over the year. Today, we’re looking at Commuter Transit Tax Benefits, perks that you can use if your employer offers a subsidy or pre-tax payroll deductions for your commuting costs.
When it comes to U.S. taxpayers, there’s no end to the ingenuity applied when it comes to weird tax deductions and the crazy reasons given to justify them. Though some of them may seem like a reach, sometimes the IRS... 
