Tax-deductions
Latest
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IRS Extends Tax Due Dates for Hurricane Laura Victims
Tax Breaks Victims of Hurricane Laura have until the end of the year to file tax returns and make tax payments.
By Rocky Mengle Published
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Tax Relief for Hurricane, Wildfire, Flood and Other Natural Disaster Victims
Tax Breaks Deductions for lost or damaged property, filing and payment extensions, and fee waivers can help taxpayers hit by a hurricane, wildfire, tornado, earthquake, flood or other natural disaster.
By Rocky Mengle Published
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Do You Qualify for a $300 Tax Deduction Under the CARES Act?
tax deductions What is the new above-the-line universal tax deduction, and how does it work?
By Chad Chubb, CFP® Published
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CARES Act Expands Tax Deductions for Charitable Giving
Tax Breaks Which tax break you can take under the economic stimulus bill depends on whether you itemize or claim the standard deduction on your 2020 tax return.
By Rocky Mengle Published
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End-of-Year Moves to Trim Your 2019 Tax Tab
tax deductions It's time to look for last-minute moves that can shrink your 2019 tax bill. But the end of the year is coming fast, so don't procrastinate.
By Rachel L. Sheedy Published
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What the New Tax Law Means for Small Businesses
business The most sweeping tax overhaul in three decades brings lots of good cheer for businesses, ranging from a lower corporate tax rate to big tax savings for asset purchases.
By Joy Taylor Published
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Giving to Charity: Strategies to Ensure a Tax and Human Benefit Under New Tax Law
tax law Changes to the tax law in 2018 have taken away most people's ability to deduct charitable contributions. But there are still a few options to consider in order to give and still receive.
By Evan T. Beach, CFP®, AWMA® Published
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Tax Savings for Single People
tax deductions Reduce the amount you owe to Uncle Sam by adjusting your withholding, switching to a Roth 401(k) and making IRA contributions sooner rather than later.
By the editors of Kiplinger's Personal Finance Published
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Tax Breaks for Generous Grandparents
529 Plans Many states offer a tax deduction for contributions to a 529 college-savings plan to any resident, not just the parents.
By Kimberly Lankford Published
529 Plans