Latest
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Understand These Hobby Loss Rules to Reduce IRS Audit Risks
The Tax Letter The IRS will scrutinize tax returns reporting large losses from any activity that sounds like a hobby. Here is what you need to know.
The Tax Letter -
Ten Tax Breaks for Homeowners and Homebuyers
Homeownership Owning (or buying) a home is expensive. But there are some tax breaks for homeowners that can help you recoup some of those costs.
Homeownership -
Deduct Expenses for Long-Term Care on Your Tax Return
Long-Term Care The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
Long-Term Care -
Educator Expense Deduction for 2024
Tax Breakts Some educators can deduct out-of-pocket expenses for classroom supplies when they file their federal returns.
Tax Breakts -
A Bunch of IRS Tax Deductions and Credits You Need to Know
Tax Breaks Lowering your taxable income is the key to paying less to the IRS. Several federal tax credits and deductions can help.
Tax Breaks -
Landlord With Rental Income? Do You Qualify for a Tax Break
The Tax Letter Many landlords are eligible to take the 20% tax deduction for qualified business income
The Tax Letter -
Summer Activities That Can Impact Your Taxes
Tax Planning Certain summertime activities might help lower your taxable income.
Tax Planning -
Tax-Smart Strategies for Account Withdrawals
Understanding the best way to tap your IRAs and other accounts can help you preserve your savings and lower your tax bill.
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The Tax Day HSA Contributions Deadline
Health Savings The HSA contributions deadline for 2023 has passed, but you still have time to contribute and potentially reduce your tax liability if you have an extended tax deadline.
Health Savings
