tax deductions

20 Most-Overlooked Tax Breaks and Deductions
Tax Breaks

20 Most-Overlooked Tax Breaks and Deductions

Don't miss these frequently overlooked tax deductions, credits and exemptions. Otherwise, you're just pouring money down the drain.
January 14, 2021
Fund Your IRA, Cut Your Taxes
Tax Breaks

Fund Your IRA, Cut Your Taxes

There’s still time to make a 2020 IRA contribution and lower your tax bill.
January 13, 2021
Charitable Tax Deductions: An Additional Reward for the Gift of Giving
Tax Breaks

Charitable Tax Deductions: An Additional Reward for the Gift of Giving

Because of the worldwide pandemic and related restrictions, your donations to charity are needed more than ever this year. And, with charitable tax de…
January 9, 2021
Most-Overlooked Tax Breaks for the Newly Divorced
Divorce

Most-Overlooked Tax Breaks for the Newly Divorced

The pandemic is expected to boost the divorce rate in 2021. If you're breaking up, here are some tips to make your return to single life more tax-frie…
January 6, 2021
The Most-Overlooked Tax Breaks for Retirees
Tax Breaks

The Most-Overlooked Tax Breaks for Retirees

For new retirees—especially those on a fixed income—it's more important than ever to take full advantage of every tax break available.
December 30, 2020

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Biden's Plan to Tax the Rich Faces Roadblocks
Politics

Biden's Plan to Tax the Rich Faces Roadblocks

The president-elect is unlikely to get much on his wish list, with the Democratic majority in the House narrowed and the GOP likely keeping control of…
November 16, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Zeta
Tax Breaks

Tax Tip: How to Deduct Property Damage Caused by Hurricane Zeta

Get the maximum tax deduction for property losses resulting from Hurricane Zeta or other natural disasters.
October 28, 2020
What's the Standard Deduction for 2020 vs. 2021?
Tax Breaks

What's the Standard Deduction for 2020 vs. 2021?

Most Americans claim the standard deduction on their tax return instead of itemized deductions.
October 27, 2020
Tax Relief Available for California Wildfire Victims
Tax Breaks

Tax Relief Available for California Wildfire Victims

Residents and businesses impacted by the California wildfires get more time to file and pay taxes.
October 19, 2020
Hurricane Delta Victims Get More Time to Pay Taxes
Tax Breaks

Hurricane Delta Victims Get More Time to Pay Taxes

The tax relief is currently available to Hurricane Delta victims in Acadia, Calcasieu, Cameron, Jefferson Davis, and Vermilion parishes in Louisiana.
October 19, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Delta
Tax Breaks

Tax Tip: How to Deduct Property Damage Caused by Hurricane Delta

Get the maximum tax deduction for property losses resulting from Hurricane Delta or other natural disasters.
October 9, 2020
Retirees' Guide to Giving for the Greatest Impact
Making Your Money Last

Retirees' Guide to Giving for the Greatest Impact

The need for charity is climbing, particularly to combat the rising poverty, hunger and homelessness from the pandemic’s economic fallout. Here's how …
October 7, 2020
Most-Overlooked Tax Breaks for the Newly Divorced
tax deductions

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…
September 18, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Sally
Tax Breaks

Tax Tip: How to Deduct Property Damage Caused by Hurricane Sally

Get the maximum tax deduction for property losses resulting from Hurricane Sally or other natural disasters.
September 17, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Laura
Tax Breaks

Tax Tip: How to Deduct Property Damage Caused by Hurricane Laura

Get the maximum tax deduction for property losses resulting from Hurricane Laura or other natural disasters.
August 31, 2020
IRS Extends Tax Due Dates for Hurricane Laura Victims
Tax Breaks

IRS Extends Tax Due Dates for Hurricane Laura Victims

Victims of Hurricane Laura have until the end of the year to file tax returns and make tax payments.
August 31, 2020
Tax Relief for Hurricane, Wildfire, Flood and Other Natural Disaster Victims
Tax Breaks

Tax Relief for Hurricane, Wildfire, Flood and Other Natural Disaster Victims

Deductions for lost or damaged property, filing and payment extensions, and fee waivers can help taxpayers hit by a hurricane, wildfire, tornado, eart…
August 25, 2020
Do You Qualify for a $300 Tax Deduction Under the CARES Act?
tax deductions

Do You Qualify for a $300 Tax Deduction Under the CARES Act?

What is the new above-the-line universal tax deduction, and how does it work?
August 23, 2020
10 Tax Breaks for the Middle Class
Tax Breaks

10 Tax Breaks for the Middle Class

Tax breaks aren't just for the rich. There are plenty of them that are only available to middle- and low-income Americans.
June 30, 2020
13 Tax Breaks for Homeowners and Home Buyers
income tax

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…
June 22, 2020
CARES Act Expands Tax Deductions for Charitable Giving
taxes

CARES Act Expands Tax Deductions for Charitable Giving

Which tax break you can take under the economic stimulus bill depends on whether you itemize or claim the standard deduction on your 2020 tax return.
April 30, 2020
Working from Home: Can You Claim the Home Office Deduction or Write Off Other Business Expenses on Your 2020 Tax Return?
Tax Breaks

Working from Home: Can You Claim the Home Office Deduction or Write Off Other Business Expenses on Your 2020 Tax Return?

People temporarily telecommuting because of the coronavirus pandemic are wondering if they can get a tax deduction out of it. It depends on your emplo…
April 14, 2020
Claim These Tax Deductions Even If You Don’t Itemize
IRAs

Claim These Tax Deductions Even If You Don’t Itemize

One of the biggest changes the 2017 tax reform law brought was a near doubling of the standard deduction.
April 2, 2020
Most-Overlooked Tax Breaks and Deductions for the Self-Employed
income tax

Most-Overlooked Tax Breaks and Deductions for the Self-Employed

Have you recently gone into business for yourself? Check out these seven ways to make the tax law work for you.
February 13, 2020
15 Tax Breaks You Won't Believe Are Real
tax deductions

15 Tax Breaks You Won't Believe Are Real

As you struggle with your tax return, trying to come up with some extra deductions to pump up your refund or reduce what you owe, don't you sometimes …
January 31, 2020