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...
It’s hard to believe that we’re in the last quarter of the year! With 2020 coming to an end, now is a great time to make some easy and smart tax moves to help lower your tax bill and increase...
The presidential election is here and political ads were jamming the airwaves, and your email and voice mail may have been filled with pleas from candidates for money to help them get elected. We all know that donations to charities are deductible. But if you contributed to a candidate or political party or a PAC (Political Action Committee), is your contribution deductible? In a word, NO
Although giving to charity comes from the heart, you’ll usually still feel it in your wallet. Of course, many contributions to charity are tax deductible, easing the financial hit. Find out end of year tips here.
Many benefits are limited to those people whose income is below a certain level. Certain tax deductions and credits such as the Child Tax Credit and the Earned Income Tax Credit are not solely based on your income but your...
Whether you got married, had a baby, or purchased a home last year, your life events can feel exciting, scary, emotional, and expensive all at once. Although life’s transitions may bring about some expenses, these life changes can also bring...
Weddings can be an expensive endeavor, but in this time of social distancing, opting for a virtual wedding could end up saving you a fortune at tax-time! Have you considered hosting a virtual wedding? If you’re on the fence about...
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.
One of the most lucrative side hustle businesses to start is a photography business. With the right amount of training and equipment, anyone can be a photographer. There are no licensing rules and few relevant certifications — it basically comes...
Calling all commuters! The IRS announced the 2020 “standard mileage rates”. Whenever you drive for business, medical reasons, or in support of a charitable organization, you may be able to get a mileage deduction and save money on your taxes....
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... 
