Tag Archive for: tax deductions

Seven Ways To Reduce Taxable Income

Due to tiered tax brackets and a progressive tax system—the more you make, the more you might end up paying. But there are many ways to lower your taxable income—and ultimately—the amount of taxes you pay.

What The Restart Of Student Loan Payments Means For Your Taxes

Student loan borrowers bummed out by the resumption of their bills this fall may be eligible for a break on their 2023 taxes. The student loan interest deduction allows qualifying borrowers to deduct up to $2,500 a year in interest paid on eligible private or federal education debt.
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3 IRS Deductions You Can’t Take This Year, Experts Warn

Before you file, you'll want to be aware of any changes for the 2023 tax season. Experts warn that there are a few key deductions you can't take this year—which could affect what your refund adds up to. There are also a few updates to tax credits as well. CLICK ON THE HEADLINE FOR MORE
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Five Tax Deductions You Can Still Claim In 2020

Although the 2017 Tax Cuts and Jobs Act eliminated a number of key tax deductions, here are a few expenses you can still write off if you're in the process of putting together your 2019 return. CLICK ON THE HEADLINE FOR MORE
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13 Of The Craziest Tax Deductions Ever Claimed

Only two things are for certain: death and taxes. But at least with taxes, you can claim deductions. And that’s where the fun begins. CLICK ON THE HEADLINE MORE
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Take Advantage Of Family-Specific Deductions And Credits On Your 2017 Taxes

When you're filing for a family – and already worrying about stretching your budget to cover costs for multiple people – you want to be sure to take advantage of every tax break available to you. CLICK ON THE HEADLINE FOR MORE