Tax Deductions
Can Funeral Expenses Be Tax Deductible?
Can Funeral Expenses Be Taxed Deductible? Death and taxes might be certain, but funeral expense tax deductions are a little less so. Funeral expenses can…
The 2023 Child Tax Credit Payment Schedule: Only Annual Tax Credits (For Now)
If you're looking for a "payment schedule" to your child credit, well, the good news is there still is a child tax credit. The Child…
Advance Premium Tax Credit: How the Federal Government Can Help Individuals Pay for Health Insurance
The APTC does real good for families, but in a very IRS-meets-health insurance kind of way. Talk about two institutions who share a love of…
The Real Answer: “I’m a Single Parent: How Many Allowances Should I Put on My Form W-4?”
1 or 0? But the answer is, there's an art to doing your taxes. If you are a single parent with one child and are…
What’s the Non-Refundable Child and Dependent Care Tax Credit for and What Does It Mean for Working Families?
One more reason to love those adorable bundles of tax breaks. The non-refundable Child and Dependent Care Tax Credit is designed to ease the financial…
Understanding Which Buttons to Push on Your Earned Income Credit Calculator
Even though it does add numbers, this calculator doesn't work like normal calculators. What is an Earned Income Credit Calculator? An Earned Income Credit (EIC)…
How Many Cents Per Mile Can You Claim on Your Tax Return? Well, Your IRS Mileage Rate May Vary
This is where the term "Your mileage may vary" comes in. The IRS mileage rate, also known as the standard mileage rate, is the rate…
Who Qualifies for the Earned Income Tax Credit, How Do They Qualify and How Much Is the Credit?
Getting paid for getting a paycheck? Yes please. Qualifications for Earned Income Credit Earned Income Credit (EIC) is a federal tax credit designed to provide…
