Tax-deductions
Latest
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Higher IRA and 401(k) Contribution Limits for 2024
Retirement Cost-of-living adjustments mean higher IRA and 401(k) contribution limits for 2024.
By Katelyn Washington Published
Retirement -
Charitable Donations: What To Know About Scams and Taxes Before You Give
Donations Giving to a charity can make you feel good and lower your tax bill, but the IRS says to beware of fake charities.
By Katelyn Washington Last updated
Donations -
Five Tax Breaks for Paying Your Student Loan
Tax Letter After a three-year pause, student loan payments have resumed, putting a dent in people's wallets. But there are some tax breaks that can help.
By Joy Taylor Published
Tax Letter -
Art Donation Tax Scam Targets Wealthy Filers
Tax Scams There’s an art tax scam circulating, and the IRS says high-income taxpayers are most at risk.
By Katelyn Washington Published
Tax Scams -
Charitable Gift Annuities: Benefit Yourself and Your Favorite Charity
Charitable Gifts Donating to charitable gift annuities can provide you with tax breaks now and income later. Here’s what you need to know.
By Sandra Block Published
Charitable Gifts -
Does Summer Camp Qualify for a Childcare Tax Credit?
Tax Breaks Are you wondering if summer camp qualifies for the child and dependent care tax credit? It might, and other childcare expenses might, too.
By Katelyn Washington Published
Tax Breaks -
What Is the Bonus 'Guaranteed' Standard Deduction?
Legislation A proposed Republican tax cut package contains a 'bonus' of up to $4,000 for the current standard deduction. Could it help?
By Kelley R. Taylor Published
Legislation -
EV Tax Credit 2023: What's Changed and What's Ahead
Tax Breaks Federal EV tax credit rules continue to change for 2023 causing confusion for buyers and manufacturers.
By Kelley R. Taylor Last updated
Tax Breaks -
15 Believe It or Not Tax Breaks
Tax Breaks Your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine.
By Joy Taylor Last updated
Tax Breaks