Have you ever wondered just exactly what a ‘write-off’ is? Well, a write-off is any legitimate expense that can be deducted from your taxable income on your tax return.
With the housing market booming around the United States, you may have recently purchased your first home and are curious about what you should know about property taxes. What is property tax? Property tax is a tax paid on real...
In an attempt to lighten your load and ease your burden whether you are just trying to make the October 17 tax extension deadline or are gearing up for next tax season, take a look at six tax tips for the self-employed and some of the most missed tax deductions.
Student loans have become a tremendous burden. Even though you can’t escape the payments, are there any tax breaks for student loans? Luckily, taxpayers who make student loan payments on a qualified student loan may get a little relief.
A great milestone of your financial life is the purchase of your first home. While less exciting, the tax implications of that achievement are no less critical. After all, home ownership creates several new opportunities for you to save on your federal income taxes. Got your attention?
The Child Tax Credit (CTC) is a tax credit available to parents with qualifying children that can either increase your tax refund or lower a tax bill. For the 2021 tax year, the total Child Tax Credit amount has increased,...
Weddings are expensive, so it is too bad that they aren’t tax deductible. But wait – though tax write-offs may not be top-of-mind when you are planning your wedding, with careful planning there are some ways you can garner a tax deduction or two.
You may have heard that the IRS will be sending “monthly stimulus payments” or monthly Child Tax Credit payments to some families starting in July. Here is what you need to know: The recently passed third stimulus relief package, known...
One of the more popular trends these days is being a digital nomad. If your work can be done remotely and not at an office, why not travel the world at the same time? You can often live in an...
Even with good insurance and a low deductible, no one truly enjoys paying medical bills. One bright side to big bills is the opportunity to claim your medical expenses as a deduction on your tax return, as long as your...
