Can You Deduct Child Care Expenses?
December 18, 2021
For parents who are responsible for childcare, handling the cost of bringing up children can be challenging. That’s why the IRS allows you to deduct certain childcare expenses on …
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What is the IRS Dependent Exemption?
December 12, 2021
The IRS dependent exemption is aimed at taxpayers who have to pay for dependents. Most commonly, parents would apply for this because they have children. However, it also applies …
Are Home Improvements a Tax Deduction?
November 4, 2021
Are Home Improvements Tax Deductible? Whenever you make a home improvement, such as replacing the windows or installing a brand-new HVAC system, you may be able to use those …
What Are Medical Expense Tax Deductions?
November 3, 2021
The IRS allows you to deduct a certain amount of your medical expenses from your taxes. However, this can be a complex issue if you’ve never found yourself in …
Self Employed Tax Deduction Tips
November 3, 2021
Being able to work for yourself is exciting. It allows you to do something you love and achieve a work/life balance that cannot be achieved when you are working …
Can You Claim Home Repair Tax Deductions?
November 3, 2021
When people think of home repairs, they don’t generally think of doing them as being a way to lower their tax liability. However, there are some ways that home …
What is the IRS Mileage Rate?
October 3, 2021
For anyone expecting to claim mileage on their taxes in 2022, it’s an exciting time. The IRS has released the new mileage rate. Let’s discuss what you need to …