Tax Credits
The Foreign Tax Credit
There is a tax credit or deduction available for those who have paid taxes on foreign earned income if they also paid U.S. taxes in…
The American Opportunity Tax Credit (AOTC)
Offset the Costs of Higher Education by Reducing Your Income Tax The American Opportunity Tax Credit (AOTC) was originally introduced for tax years 2009 and…
Married Filing Jointly
Tax Considerations for Newly Married Couples you’re getting married, taxes are probably the last thing you want to think about. However, it is still important…
An Overview of Tax Deductions
It is in your best interest to take advantage of every tax credit and deduction available to you. With tax laws constantly changing and the…
Tax Credit vs Deduction
Use Tax Breaks to Lower Your IRS Bill As you probably know, tax credits and tax deductions can help reduce your overall income tax liability.…
What Is A Tax Credit?
Understanding Tax Credits & How They Lower Your Tax Liability Many people are under the impression that tax credits and tax deductions are the same thing. While they are…
What’s the best tax break for childcare expenses?
Most working parents have only one way of getting a tax break on the expenses they pay for childcare – the special tax credit allowed…
Smart move: Deduct your relocation expenses
Did you move for a job last year? You may be entitled to a deduction for your unreimbursed moving expenses.NEW YORK (MainStreet) — Did you…
