Tax Deductions
Want Credit for Saving With Qualified Retirement Plan Contributions? Then Use Form 8880
You know those score multipliers in pinball? Saving for retirement is kinda like that. Are you looking to claim the Retirement Savings Contributions Credit, also…
IRS Publication 502: Yes, You Can Deduct Your Medical and Dental Expenses on Your Tax Return
If you've never heard of the medical expense deduction, you might be in for a treat. The Internal Revenue Service offers you a bit of…
How Do Taxes on Gambling Winnings Work?
Gambling activities can be thrilling and potentially lucrative, but it's important to understand the implications of taxes on gambling winnings. By staying informed, you can…
How to Claim Premium Health Insurance Tax Credits
When it comes to navigating the complex world of tax credits, one area that often confuses individuals is the realm of health insurance tax credits.…
The Basics of the Foreign Tax Credit: What It’s For, How to Claim It, and What Else an Expat Needs to Know
This is the the part of Eat, Pray, Love Julia Roberts didn’t show you. Like she was made to live in a faux-inspirational Hallmark movie,…
Your Guide to the Foreign Earned Income Exclusion: How It Works and Which U.S. Expatriates It Applies To
Landing that dream job overseas doesn't mean paying both taxes - but it doesn't mean you can skip. The Foreign Earned Income Exclusion can be…
Can You Write Off Your Kid’s Private School Tuition as a Tax Deduction? It Depends on Your School, Your Student and Your Income
Don't some celebrities get in trouble for trying this? When it comes to private school tuition, the question of whether it is tax deductible depends…
Charitable Contributions: Is Money Raised Through GoFundMe Taxable?
Yeah, GoFundMe isn't like Free Parking on Monopoly. Money raised through donation-based crowdfunding websites such as GoFundMe may be taxable, depending on various factors. Generally,…
