Home-Related Tax Breaks are Valuable on 2017 Returns, Will Be Less So for 2018
Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax […]
Taxes
Taxes
Casualty Losses Can Provide a 2017 Deduction, But Rules Tighten for 2018
If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty”
Taxes
Size of Charitable Deductions Depends on Many Factors
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how
Taxes
Tax Deduction for Moving Costs: 2017 vs. 2018
If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your
Taxes
Families With College Students May Save Tax on Their 2017 Returns With One of These Breaks
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be
Taxes
TCJA Temporarily Lowers Medical Expense Deduction Threshold
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than
Taxes
State and Local Sales Tax Deduction Remains, But Subject to a New Limit
Individual taxpayers who itemize their deductions can deduct either state and local income taxes or state and local sales taxes. The ability to deduct
Business, Taxes
Can You Deduct Home Offices Expenses?
Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct
Taxes
Personal Exemptions and Standard Deductions and Tax Credits, Oh My!
Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. But
Taxes
Don’t Be a Victim of Tax Identity Theft: File Your 2017 Return Early
The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be more