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Deduct Health Insurance Premiums Expenses

Deducting Health Insurance Premiums & Health Care Expenses on Your Taxes

The cost of health care has been rising faster than inflation for the past several decades, and it doesn’t show any signs of slowing...
Retirement Savings Contribution Credit

Retirement Savings Contribution Credit – Get a Tax Credit Just for...

The U.S. Tax Code encourages certain behaviors. It does this by offering incentives in the form of tax breaks, deductions, and credits targeted at these...
Overlooked Personal Tax Deductions

List of 14 Commonly Overlooked Personal Tax Deductions & Credits for...

Tax time is stressful. It helps to be aware of possible deductions ahead of time so you can keep appropriate documentation to maximize your...
Charitable Giving Tax Deductions Money Bills

Tax Deductions for Charitable Contributions & Donations

Generally speaking, Americans are a generous lot. According to the National Philanthropic Trust, Americans gave $427.71 billion to charities in 2018. Perhaps one motivation...
Pay Estimated Taxes Scrabble

How to Pay Federal Estimated Taxes Online to the IRS in...

It often seems traditional employees get the better part of the deal when it comes to paying taxes. Some money is withheld from their...
Child Care Money

Child & Dependent Care Tax Credit – Deductions for Child Care...

If you pay for day care, you may be eligible for a tax credit to offset some of your tax bill. This credit applies...
Gift Tax Rate Rules Exclusion Limit

What Is the Gift Tax – IRS Rules, Rate & Maximum...

Some people believe that when it comes to gifts, giving cash shows a lack of thoughtfulness. But as anyone who's ever received a horrible...
Charitable Giving Money Dollars

How Tax Reform Affects Deductions for Charitable Giving This Year

It may be better to give than to receive, but for many taxpayers, receiving a tax break for their charitable giving is a good incentive. Charitable donations stand at an all-time high, but new tax policies may be threatening people's desire to give. As with most tax deductions, there are a lot of rules and limitations you need to be aware of if you want to stay generous without overpaying Uncle Sam.
Tax Deadline Calculator

What Happens If You Miss the Tax Deadline? – Penalties for...

If you missed the tax deadline, you're likely very concerned about fees, penalties, and how to file your taxes late. The good news is that it can happen to anyone, for a variety of reasons, and you can still get back on track. Here is some advice for doing just that, whether you’re owed a refund or you owe tax to the IRS.
Elderly Couple Tax Calculation Retirement Pennies

Taxes on Retirement Accounts – IRA & 401(k) Distributions & Withdrawals

When your retirement accounts are growing, it's great to see the numbers climb. But when you retire and start withdrawing money from your IRA and...
Child Tax Credit Wooden Silhouettes Of Family Calculator Post It

Claiming the Child Tax Credit – Everything You Need to Know...

Raising a child isn't cheap. According to the United States Department of Agriculture, the price tag for a child born in 2015 is about...
Estate Tax Return Pen

Estate & Inheritance Tax – Threshold, Rates & Calculating How Much...

As the old saying goes, nothing is certain except death and taxes. Nobody loves either one of these things – and when you put...