Explore military tax benefits: non-taxable allowances, combat zone exclusions, residence rules, and more. Stay informed on IRA benefits, travel deductions, and tax forgiveness, along with support systems like extended deadlines and joint returns.
Unlock tax credits for energy-saving home improvements with a home energy audit. Maximize savings and eco-friendly upgrades while staying within credit limits.
If you are a divorced or separated parent, a commonly encountered but often misunderstood issue is who claims the child or children for tax purposes.
The holiday season is customarily a time of giving gifts. Some gifts even provide a variety of tax benefits.
If you run a small business from your home and meet specific IRS rules, you might qualify for the home office deduction.
Charitable contributions are deducted as part of a taxpayer’s itemized deductions on IRS Schedule A.
You may hear people use the term “Stepped-Up Basis” which many believe is a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and if they sell inherited property.
The tax treatment of your income or loss from your income activity depends on whether it is a hobby or for-profit activity.
Although a tax deduction and a tax credit both help lower the taxpayer’s tax, there’s a difference between them, and there are distinct types of deductions and categories of credits. This article explains these terms.
Disabled individuals, as well as parents of disabled children, may qualify for a number of tax credits and other tax benefits. Listed below are several tax credits and other benefits that are available if you or … Read More