tax deductions
Most-Overlooked Tax Deductions and Credits for the Self-Employed
Most-Overlooked Tax Deductions and Credits for the Self-Employed
If you've recently gone into business for yourself, don't miss these tax breaks for the self-employed.
June 11, 2022
Tax Changes and Key Amounts for the 2022 Tax Year
Tax Changes and Key Amounts for the 2022 Tax Year
Americans are facing a long list of tax changes for the 2022 tax year. Smart taxpayers will start planning for them now.
June 10, 2022
IRS Increases Mileage Rates Because of High Gas Prices
IRS Increases Mileage Rates Because of High Gas Prices
The higher mileage rates, which are used to calculate certain tax deductions for business and other uses of a car, will take effect on July 1.
June 10, 2022
Charitable Tax Deductions: An Additional Reward for the Gift of Giving
Charitable Tax Deductions: An Additional Reward for the Gift of Giving
With a charitable tax deduction, you can donate to a good cause and cut your tax bill at the same time.
May 19, 2022
No Tax for Donating Leave to Ukraine Victims
No Tax for Donating Leave to Ukraine Victims
Vacation, sick, or personal leave donated to help victims of the Russian invasion of Ukraine won't be treated as taxable income.
May 19, 2022
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New Mexico Wildfire and Wind Victims Get More Time to Pay Taxes
New Mexico Wildfire and Wind Victims Get More Time to Pay Taxes
Certain tax filing and payment deadlines are extended for residents and businesses impacted by the recent wildfires and straight-line winds in New Mex…
May 13, 2022
What's the Standard Deduction for 2022 vs. 2021?
What's the Standard Deduction for 2022 vs. 2021?
If you're planning ahead for next year's tax return, see if your 2022 standard deduction will be higher than it was for 2021.
April 28, 2022
Top Off Your HSA Today and Lower Your Tax Bill (While There's Still Time)
Top Off Your HSA Today and Lower Your Tax Bill (While There's Still Time)
If you haven't already contributed the full amount to your HSA for 2021, today is the last day to do so and reduce your taxes at the same time.
April 18, 2022
2021 Tax Returns: What's New on the 1040 Form This Year
2021 Tax Returns: What's New on the 1040 Form This Year
If you're a last-minute filer, familiarize yourself with potential changes for your 2021 tax return before tackling your 1040.
April 14, 2022
There's Still Time to Contribute to Your IRA and Cut Your Taxes
There's Still Time to Contribute to Your IRA and Cut Your Taxes
Although you need to act quickly, you still have time to make a 2021 IRA contribution and lower your tax bill.
April 6, 2022
Tax Deadlines Extended for Puerto Rico Storm Victims
Tax Deadlines Extended for Puerto Rico Storm Victims
Certain tax filing and payment deadlines are extended for people impacted by the Puerto Rico storms, flooding and landslides in February.
April 1, 2022
13 Tax Breaks for Homeowners and Home Buyers
13 Tax Breaks for Homeowners and Home Buyers
Owning (or buying) a home is expensive. But at least there are some tax deductions, credits, and exclusions that can help you recoup some of those cos…
March 12, 2022
Most-Overlooked Tax Breaks for the Newly Divorced
Most-Overlooked Tax Breaks for the Newly Divorced
Filing taxes after a divorce can add yet another problem to an already long list of challenges. But here are some tips to make your return to single l…
March 4, 2022
8 Tax Tips for Gambling Winnings and Losses
8 Tax Tips for Gambling Winnings and Losses
If you pick the right horse at the track or win some money at a casino, don't forget that the IRS wants a cut of your winnings.
March 1, 2022
"Above-the-Line" Deductions for Your 2021 Tax Return
"Above-the-Line" Deductions for Your 2021 Tax Return
If, like most people, you claim the standard deduction instead of itemized deductions on your return, there are still many other tax deductions availa…
February 1, 2022
Tax Relief Available for Arkansas, Illinois, Kentucky and Tennessee Tornado Victims
Tax Relief Available for Arkansas, Illinois, Kentucky and Tennessee Tornado Victims
The IRS is granting people and businesses impacted by the December storms and tornadoes more time to file and pay certain federal taxes.
January 29, 2022
Home Office Deduction: Can You Claim This Tax Break If You Worked from Home Last Year?
Home Office Deduction: Can You Claim This Tax Break If You Worked from Home Last Year?
If you worked from home last year, whether you can claim the home office deduction on your tax return may depend on your employment status.
January 29, 2022
How to Cut Your 2021 Tax Bill
How to Cut Your 2021 Tax Bill
Our guidance could help you claim a higher refund or reduce the amount you owe.
January 29, 2022
Colorado Wildfire Victims Get More Time to Pay Taxes
Colorado Wildfire Victims Get More Time to Pay Taxes
Certain tax filing and payment deadlines are extended for residents and businesses impacted by the Colorado wildfires that started in December.
January 3, 2022
Tax Deadlines Extended for Alabama Storm and Flooding Victims
Tax Deadlines Extended for Alabama Storm and Flooding Victims
Federal tax filing and payment deadlines are extended for victims of the October 6 storms and flooding in Alabama.
December 29, 2021
Tax Relief for Hurricane Ida Victims Extended to Feb. 15
Tax Relief for Hurricane Ida Victims Extended to Feb. 15
People and businesses in Connecticut, Louisiana, Mississippi, New Jersey, New York and Pennsylvania impacted by Hurricane Ida get more time to file an…
December 27, 2021
Tax Relief Available for California Wildfire Victims
Tax Relief Available for California Wildfire Victims
Following FEMA's recent disaster declaration, residents and businesses impacted by the California wildfires get more time to file and pay taxes.
December 27, 2021
20 Most-Overlooked Tax Deductions, Credits and Exemptions
20 Most-Overlooked Tax Deductions, Credits and Exemptions
Want to lower your tax bill? Then don't miss these frequently overlooked tax breaks.
December 9, 2021
The Most-Overlooked Tax Breaks for Retirees
The Most-Overlooked Tax Breaks for Retirees
Unfortunately, seniors often miss tax-saving opportunities that are available to them. Don't let that happen to you!
December 3, 2021
19 Believe It or Not Tax Breaks
19 Believe It or Not Tax Breaks
Your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine. But be careful if you plan on follow…
November 22, 2021
Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return
Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return
Eligible educators can write off expenses for COVID-19 protective items that help stop the spread of the virus in the classroom.
November 17, 2021