Tax Credits
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…
Do I need my babysitter’s Social Security number?
Mary Poppins might play hard ball if you ask for her social. Here's a spoonful of tax advice to help you get her on the…
Tax Credits
What Are Tax Credits & How Do They Lower Your Tax Bill? Tax credits can help reduce your liability dollar-for-dollar. That being said, they generally…
The Hope Credit: Where It Went And What Replaced It
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2010/08/Transition_from_Hope_to_AOTC.mp4"][/video] As anyone that’s ever been to college can attest to, higher education can be prohibitively expensive in the U.S. These…
AOTC: What Is The American Opportunity Tax Credit?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2010/08/Untitled_video1.mp4"][/video] Higher education is a worthy pursuit, but it’s also way too costly for most Americans. The American Opportunity Credit (AOTC) can…
