It can be complicated choosing which strategy to choose... Itemized or the standard deduction? Well don't worry, I break it down to just the basics! Also, do...
Tax deductions vs. Tax credits: A guide for simplifying your tax filing experience
It's the most dreaded time of the year: tax season. But we've got your cheat sheet to make the process a little easier.
Pre-tax vs. Post-tax Deductions
Discover the difference between pre-tax vs. post-tax deductions. Learn through examples, and check out the summary infographic.
4 tips for year-end charitable tax deductions
As year-end approaches, many taxpayers consider last minute donations; merging their desire to do good with their desire to lower their tax burden.
Why the mortgage interest tax deduction should disappear, but won't
In the run-up to the 2012 U.S. Presidential election, Planet Money asked five economists from across the political spectrum for proposals that they would like to see in the platform of the candidates. The diverse group agreed, first and foremost, on the wisdom of eliminating the tax deductibility of mortgage interest. The vast majority of economists probably agree. We certainly do. But it won’t happen, because politicians with aspirations for reelection find it toxic...
Small Business Health Insurance Tax Guide: Subsidies vs. Credits vs. Deductions
Health insurance spend can be a sizable portion of many small businesses expenditures. Many businesses want to provide this employee benefit and view it as a means of attracting and keeping employees. At the same …
How to Save on Taxes Using Deductions and Tax Credits
You can substantially reduce your income tax by saving for retirement, owning a home, sending your kids to college. Here's how to save on taxes.
10 tax deductions you can claim (even in your 20s)
If you are starting your financial journey, you may think you can't get any tax deductions if you don't itemize, but you can take advantage of these deductions.