Category: Tax Deductions
For most married couples, filing jointly is the most tax-friendly way to go—and with the Standard Deduction option, you can maximize your tax deductions and reduction of your tax …
Are you eligible for one of the most overlooked yet valuable tax savings for seniors over 65? We’re talking about the standard deduction, of course! But with the IRS …
The Schedule A Tax Form is a form filed by individual taxpayers to calculate the amount of their itemized deductions. Itemized deductions are important because they can create …
The IRS Standard Deduction is a set amount of money that the IRS allows taxpayers to subtract from their taxable income. This deduction helps reduce the amount of taxes …
How Much is Capital Gains on Home Sale? A capital gain is the profit that you make when you sell an asset for more than you paid for it. …
Medical expenses can damage your budget tremendously, especially when the emergency is unexpected and your insurance does not cover it. The good news is the IRS does allow you …
The IRS mileage rate for 2022 is used to calculate the tax deduction for business travel expenses. To deduct business travel expenses, you must keep records of your travel …
Have you been paying monthly private mortgage insurance (PMI) because your down payment for your home was under 20%? You can get a refund back by claiming the PMI …
