Tax Deductions Archive
Tax Deductions
For anyone expecting to claim mileage on their taxes in 2020, it’s an exciting time. The IRS has released the new mileage rate. Let’s discuss what you need to …
Tax Deductions
For parents who are responsible for childcare, handling the cost of bringing up children can be tough. That’s why the IRS allows you to deduct certain childcare expenses on …
Tax Deductions
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 …
Tax Deductions
The IRS dependent exemption is aimed at taxpayers who need to pay for dependents. Most commonly, parents would apply for this because they have children. However, it also applies …
Tax Deductions
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 …
Tax Deductions
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 …
Tax Deductions
Padding tax deductions has always been a symbol of the financial grey area. But the IRS is now cracking down on people who’re either exaggerating their deductions or plain …
