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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)…

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…

What is mortgage forgiveness?

The Mortgage Debt Relief Act of 2007 can help homeowners in foreclosure or short sale situations   The current housing market is full of foreclosed…

Tax deduction for moving expenses

Moving to a new home involves a lot of planning and work, and it can be costly as well. If you are moving because you…

Tax Tip: What your tax preparer needs from you

So you have chosen a tax professional to prepare your tax return. What information should you give them?NEW YORK (MainStreet) — So you have chosen…

2025 and 2026 Work From Home Tax Deductions

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2013/01/wfh.mp4"][/video]   There are certain work from home tax deductions that can reduce your taxable income by a sizable amount, but only…

Tax Tip: You have to consider all your options

When preparing your tax return you are often given choices. Make sure you explore those choices fully.NEW YORK (MainStreet) — When preparing your tax return…