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Tax Deductions

IRAs and Your Taxes

Tax Information for Individual Retirement Arrangements (IRAs) Saving for your retirement through individual retirement accounts (IRAs) can have a significant impact on your taxes. IRAs…


Income Tax Credits Explained

Learn How Tax Credits Can Reduce What You Owe A tax credit is a dollar-for-dollar reduction in the amount of tax that you owe. For…


How to File Your Federal Tax Return

Information About Filing Your Annual Income Tax Return With the IRSYou have two options for filing your Federal income tax return (IRS Form 1040). You…


Tax Form 1040: The Basics

U.S. Individual Income Tax Return   For the majority of Americans, the most commonly used document for filing a tax return is IRS Tax Form…


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…


Tax Tips for Year-End Gifts to Charity

Get a Tax Break for Your Qualified Charitable Contributions   Giving to charity has two major benefits: it helps those who receive it, and it…


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…


Tax Breaks for Charity Work

Income Tax Deductions for Charitable Contributions As you may already know, the IRS provides tax deductions for charitable contributions that you make to a qualified…