Tax Deductions
Tax Breaks for Parents
Raising a child is expensive, but you can partially offset some of the expenses by utilizing tax deductions and tax credits that are available to…
The Benefits of a Tax Extension
Extend the Filing Deadline of Your Personal Tax Return Although the due date to pay your individual income taxes is April 15, you can…
Adjusted Gross Income (AGI) vs. Modified Adjusted Gross Income (MAGI)
When it comes to calculating your taxes, you will often hear two different terms regarding income: Adjusted Gross Income (AGI) and Modified Adjusted Gross Income…
Who Has To File A Tax Return
How to Determine If You Need to File a Tax Return With the IRS Are you wondering if you need to file a tax return?…
6 Tips to Help You Avoid an IRS Tax Audit
Although the IRS only audits about 1.1% of the over 140 million returns it receives each year, for those people who do receive an audit…
5 Tax Deductions for Businesses
Beyond normal day-to-day business expenses, there are many other tax deductions that can help business owners reduce their tax liability. Not using all the deductions…
Tax Deductions for Medical Expenses
Medical expenses, especially if they are unexpected, can take a bite out of your savings. However, you may be able to find some tax relief…
Understanding the Standard Deduction
How the Standard Deduction Can Reduce Your Federal Tax Bill It’s the age-old question: Should you take the standard deduction, or should you itemize…
