Tax Deductions
Claiming Parents as Dependents: How it Works
Who doesn’t want to help their parents? Claiming an elderly parent as a tax dependent is not only caring for them as they enter the…
How Do I Prove Gambling Losses On My Taxes?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/gambling-losses.mp4"][/video] Gambling is full of thrills and excitement, at least for those who enjoy it. What it also comes with is tons…
Car Donation Tax Deduction: A Comprehensive Guide for U.S. Taxpayers
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/car-tax.mp4"][/video] No matter how committed you are to a cause, if someone told you “hey, donate your car!” you’d probably have…
Claiming Dependents On Taxes: A Complete Guide
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2021/12/Tax_Benefits_of_Claiming_Dependents.mp4"][/video] What is Claiming Dependents on Taxes? For tax purposes, a dependent is anyone who relies on you for financial support and…
How To Know What Tax Rate To Use In Your Return
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2024/12/tax-rate-return.mp4"][/video] With different brackets, deductions, and credits to consider, it’s easy to feel overwhelmed. But don't worry, you'll find everything you need…
Want Credit for Saving With Qualified Retirement Plan Contributions? Then Use Form 8880
You know those score multipliers in pinball? Saving for retirement is kinda like that. Are you looking to claim the Retirement Savings Contributions Credit, also…
IRS Publication 502: Yes, You Can Deduct Your Medical and Dental Expenses on Your Tax Return
If you've never heard of the medical expense deduction, you might be in for a treat. The Internal Revenue Service offers you a bit of…
How Do Taxes on Gambling Winnings Work?
Gambling activities can be thrilling and potentially lucrative, but it's important to understand the implications of taxes on gambling winnings. By staying informed, you can…
