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Tax Deductions

The Complete Guide to the Standard Deduction

Unlike itemizing deductions, which lets you pick and choose which expenses get deducted from your taxable income, the standard deduction is a set amount of…


Where To Go If You Need Tax Help

Know Your Options for Tax Preparation Assistance Are you looking for an expert to help you with your income tax return? When it comes to…


7 Facts About Miscellaneous Deductions

Tips for Claiming Miscellaneous Deductions on Your Income Tax Return   Itemizing your deductions (as opposed to claiming the standard deduction) means that you may…


Tax Tips for the Affordable Care Act (ACA)

Learn How the New Health Care Law Impacts Your Taxes   Beginning in 2014, the Individual Shared Responsibility provision of the Affordable Care Act takes…


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…