Tax Deductions
Tax Benefits for U.S. Military Personnel
Members of the U.S. Military Can Enjoy Certain Tax Breaks Members of the U.S. Armed Forces, particularly those deployed in combat zones, are faced…
Gym Membership Tax Deduction
Sorry: General toning and fitness workouts are considered personal expenses by the IRS. An actor emailed me to ask if he could deduct his…
Tax Benefits for Education (Part 2)
2021-2022 Federal Education Tax Breaks for College Savings Plans This article is second in a series titled “Tax Benefits for Education.” Read the first…
Tax Benefits for Education
2020-2021 Federal Education Tax Breaks for Your 1040 Return There are a number of different education tax benefits that you may be able to claim…
An Overview of Tax Deductions
It is in your best interest to take advantage of every tax credit and deduction available to you. With tax laws constantly changing and the…
2 tax benefits self-employed professionals should know about
Undoubtedly the two biggest benefits of having an employer are health insurance and retirement plans, right? Wrong. Both of these pricey items are covered when…
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.…
Types Of Tax Deductions
An Overview of Tax Deductions & How to Claim Them on Your Return With the ever-changing tax laws and the temporary nature of most tax…
