Category Archives: Tax Deductions

Making the Most out of Miscellaneous Deductions

The following article was published by the IRS. Miscellaneous deductions are tax breaks that generally don’t fit into a particular tax category. They can help reduce taxable income and the amount of taxes owed. For example, some employees can deduct … Continue reading

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Top IRS Tips to Know about the Home Office Deduction

The following article was published by the IRS. Taxpayers who use their home for business may be able to deduct expenses for the business use of it. Qualified persons can claim the deduction whether they rent or own their home. … Continue reading

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Deductions You Probably Missed

Taxpayers, especially those who wait until the last minute to file, will often miss a handful of tax deductions that could have put more of their hard-earned money back in their pocket. These deductions are in most cases ones that would … Continue reading

Posted in Child & Dependent Care Credit, E-file, IRS, Personal Finance, Planning Strategies, Tax Credits, Tax Deductions, Tax Relief, Tax Tips | Tagged , , , , , , , , , , , , , , , , , , , , ,

Working Grandparents May Be Eligible for EITC

The following article was published by the IRS. The Internal Revenue Service wants working grandparents raising grandchildren to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify. The EITC is a federal income … Continue reading

Posted in Accounting, EITC, Personal Taxes, Planning Strategies, Tax Deductions, Tax Tips, Year End | Tagged , , , , ,

End-of-Year Tax Tips

The end of the year is fast approaching and with it many important financial decisions that must be made. While most of us think of our finances in December in light of gift giving, it is also critical to think … Continue reading

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Landscapers and Gardeners: Tax Help is Just a Click Away

The following article was published by the IRS. The IRS recognizes Small Business Week May 1–7 by highlighting some of its most popular educational products, videos and webinars to help your small business thrive. If you are a self-employed landscaper … Continue reading

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