Tips for Deducting Losses from a Disaster, Fire or Theft
If you suffer damage to your home or personal property, you may be able to deduct these “casualty” losses on your federal income tax return. A casualty is a sudden, […]
How to Begin Collecting Your 2015 Tax Refund Now
If you usually receive a large federal income tax refund, you’re essentially making an interest-free loan to the IRS. Rather than wait until you file your 2015 tax return in […]
Don’t Overlook Tax Breaks For Children
Does your tax return properly reflect your current family circumstances? If you are raising children, your answer can determine how much federal income tax you owe. Here are two reasons. […]
Don’t Miss Deductions That Are Still Available For 2013
As temporary tax breaks expire and are re-extended, it is sometimes confusing to remember which ones are effective for a particular tax year. Here are several deductions that are still […]
Take Note: Changes To Itemized Deductions For 2013
When adding up deductions for your 2013 federal income tax return, be aware of two changes to Schedule A (Itemized Deductions). Medical expense floor. On this year’s return, you can […]
Pay Attention to the Fringe Benefits You Offer
Fringe benefits may be such an established part of your business compensation package that you’re fairly casual about them. Nevertheless, it’s wise to review your policies periodically to make sure […]
Crowdfunding: What’s the Tax Treatment?
If you’ve been searching for ways to fund a business project, you’ve probably come across an online option known as “crowdfunding.” In simplest terms, crowdfunding means many people give you […]
Injured Spouse Rules May Benefit You
Oops! You filed a joint return, and the federal income tax refund you were expecting shrank before it hit your bank account. The letter that arrived in the mail tells […]