Tax Credits & Deductions

2013 Holiday Tax Deduction Guide to Charitable Donations

December 10, 2013

The holiday season is in full swing and it's that time of year when everyone is encouraged to help others in need. Giving back can make a positive… Read More

Obamacare Premium Tax Credit: What Is It and Who Qualifies?

October 16, 2013

Unless you've been living under a rock, you know that most Americans will be required to have health insurance starting in 2014, thanks to the Affordable Care Act.… Read More

IRS OKs Federal Tax Benefits for Married Same Sex Couples

September 11, 2013

In June 2013, the U.S. Supreme Court struck down Section 3 of the Defense of Marriage Act, which denied federal recognition of married same-sex couples. The ruling effectively… Read More

Save on Taxes by Going Back to School

August 22, 2013

With the economy still in recovery, the job market is more competitive than ever and many adults are returning to school to enhance their education. While earning an… Read More

Avoiding Common 529 Plan Mistakes | Maximize Benefits & Tax Savings

August 16, 2013

It's never to early to start stashing away cash for your child's education, especially with tuition costs steadily increasing. For the 2012-2013 school year, CollegeBoard estimated the average annual… Read More

Summer Home Improvement Projects Could Equal Big Tax Break

June 26, 2013

With summer just kicking off, it's the perfect time to tackle those home renovation and repair projects on your to-do list. Making a few simple improvements can boost… Read More

Tax Deductions and Tax Breaks of Owning a Home

May 28, 2013

If you own a home do you know all the tax deductions and tax breaks that you might be entitled to? When you own your own home there… Read More

Kids’ Summer Activities Could Equal Big Tax Break

May 22, 2013

For many kids, heading off to camp is the highlight of their summer vacation but for parents it can mean a big out-of-pocket expense. Fortunately, there's good news… Read More

Congress Debates Key Changes to Mortgage Interest Deduction

April 16, 2013

In an effort to tackle the national liability and overhaul the tax code, Congress has proposed a number of measures that could potentially impact millions of taxpayers. Among… Read More

New Limits on Itemized Deductions Impact High-Income Taxpayers

March 5, 2013

Amid worries that the country would fall off the “fiscal cliff”, Congress established a deal that would head off major government spending cuts and help the majority of… Read More