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Tax Deductions

Terrific charitable transfer rule is back

A great savings technique is back for those 70.5 and older.   NEW YORK (MainStreet) — One of the temporary benefits extended for tax year…


Can I claim the home office tax deduction for part time work?

There are many expenses associated with homeownership, so it’s nice to know that there are tax breaks to help ease the financial burden. The Home…


What is mortgage forgiveness?

The Mortgage Debt Relief Act of 2007 can help homeowners in foreclosure or short sale situations   The current housing market is full of foreclosed…


Tax deduction for moving expenses

Moving to a new home involves a lot of planning and work, and it can be costly as well. If you are moving because you…


Can I claim a home office tax deduction?

If you use part of your home for business, you may be able to benefit from the home office tax deduction. This tax help can…


The tax implications of changing jobs

There are many factors involved in changing your job, such as adapting to new working conditions, making a new budget, and updating your tax strategy.…


How to file tax extensions in Kentucky

The filing due date for residents of the Bluegrass State income tax returns is April 15.The Kentucky Department of Revenue will automatically grant you a…


Tax prep: Records you need to gather now to file next year

Any job is easier when you have the right tools. When it comes to filing your income taxes, the right tools include the paperwork that…