IRS.com is not affiliated with any government agencies

Topics

Blog

Tax Tip: The head of household loophole you won’t want to use

One spouse in a married couple filing separate returns can file as 'Head of Household,' but the trick isn't a pleasant one.   NEW YORK…

Understanding and establishing ‘Material Participation’ for tax purposes

When it comes to your income taxes, U.S. tax law makes a distinction between different types of income — including income from passive investments and…

Special rules for deducting moving expenses

There are many costs associated with moving and they can really add up fast. Fortunately, if you are moving because of a new job, or…

Location matters when choosing a retirement home

When you retire, you may find that there are many options when it comes to choosing where to live out your golden years. Key factors…

Terrific charitable transfer rule is back

A great savings technique is back for those 70.5 and older.   NEW YORK (MainStreet) — One of the temporary benefits extended for tax year…

Does it need to be said? Save your receipts for tax time

You may get a bigger tax deduction by using a tax table, but you'll never know unless you save your receipts and compare.NEW YORK (MainStreet)…

Can I claim the home office tax deduction for part time work?

There are many expenses associated with homeownership, so it’s nice to know that there are tax breaks to help ease the financial burden. The Home…

Tax efficient investments to offset higher rates

Experienced money managers like to say you shouldn't "let the tax tail wag the investment dog," meaning you shouldn't let concerns about the tax effects…