Tax Deductions Archive
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 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 …
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 …
Tax Deductions For anyone expecting to claim mileage on their taxes in 2021, it’s an exciting time. The IRS has released the new mileage rate. Let’s discuss what you need to …
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 …