Tax-deductions
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Tax Relief Available for California Wildfire Victims
Tax Breaks Following FEMA's recent disaster declaration, residents and businesses impacted by the California wildfires get more time to file and pay taxes.
By Rocky Mengle Published
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Will U.S. Olympic Athletes Get Hit with a Tax Bill if They Win in Tokyo?
Tax Breaks Thanks to a law passed in 2016, our medal-winning athletes will have little to worry about from the IRS.
By William Neilson Published
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Families with Dependent Care FSAs Get Good News from the IRS
Tax Breaks You'll still get a tax break if you carried over unused amounts from your dependent care flexible spending account from 2020 to 2021.
By Rocky Mengle Published
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Medical Expenses Retirees (and Others) Can Deduct on Their Taxes
tax deductions The list of medical deductions is broad and includes items such as expenses for service animals and the cost of long-term care.
By Joy Taylor Published
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"Above-the-Line" Deductions for Your 2021 Tax Return
Tax Breaks If, like most people, you claim the standard deduction instead of itemized deductions on your return, there are still many other tax deductions available that could save you a lot of money.
By David Muhlbaum Published
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Smart Ways to Save on Child Care Costs
Starting a Family The expenses and tax complications that come with hiring a nanny were reason enough for me to take my son to day care instead.
By Lisa Gerstner Published
Starting a Family -
Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return
Tax Breaks Eligible educators can write off expenses for COVID-19 protective items that help stop the spread of the virus in the classroom.
By Rocky Mengle Published
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13 Tax Breaks for the Middle Class
Tax Breaks Middle-class Americans are still feeling a financial squeeze. Fortunately, there are several tax breaks to help those who are struggling financially.
By Sandra Block Published
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There's Still Time to Contribute to Your IRA and Cut Your Taxes
Tax Breaks Although you need to act quickly, you still have time to make a 2021 IRA contribution and lower your tax bill.
By Sandra Block Published
Tax Breaks