Tax Credits & Deductions

IRS People First Initiative: Helping Struggling Taxpayers Details

March 31, 2020

As efforts to flatten the contagion curve of coronavirus close businesses and schools across the country, many people are watching their paychecks disappear, their investments fall, and their… Read More

Will Your Hurricane Damage Qualify for a Tax Write Off?

October 23, 2017

There’s no question that this hurricane season has seen some of the most destructive storms to ever hit U.S. shores. Together, Harvey, Jose, Nate and Irma have taken… Read More

IRS Increases Standard Mileage Rate for 2015

December 23, 2014

Using your vehicle for business purposes can add up to a big deduction at tax time if you're able to write off some of the cost. Taxpayers can… Read More

Tax Differences College Palsn: 529 Plan vs. Coverdell ESA

September 23, 2014

Millions of students are heading off to college and that collective groan you hear is the sound of parents who are scrambling to figure out how to handle… Read More

How the Advance Premium Credit Could Have You Owing More in Taxes

July 30, 2014

Unless you're totally out of the loop, you know that the Affordable Care Act now requires Americans to have health insurance or risk facing a tax penalty. To… Read More

Volunteering This Summer? Here are Some Tax Deductions

July 17, 2014

Summer is a great time to get out and do some good in your community, or around the world if you're feeling a bit more adventurous. While the… Read More

3 Important Tax Planning Tips for Parents of College Students

June 30, 2014

Paying for college can be a parent's worst financial nightmare, especially as increases in tuition rates continue to outpace inflation. There is an upside, however, since there are… Read More

Save on Wedding Expenses With These Tax Breaks

June 10, 2014

Wedding season is underway and if you're planning on getting hitched this summer you may experience a severe case of sticker shock. According to TheKnot.com, the average cost… Read More

6 Tax Credits and Deductions You Can’t Afford to Overlook

March 11, 2014

Tax season is in full swing and if you haven't filed yet, now's the time to get started. Whether you're looking to reduce what you owe to the… Read More

4 Ways to Lower Your 2013 Taxes Before You File

February 18, 2014

Thanks to several new measures in the tax code, some Americans may find themselves owing more to Uncle Sam this year. Two of the most important changes to… Read More