Tag: Deduction
Are New Windows Tax Deductible? Yes, home improvements such as new replacement windows are a popular way for taxpayers to claim a tax credit and upgrade their homes in …
The IRS mileage rate is typically updated each year, and the new rate for 2022 has just been announced. The current rate is 58.5 cents per mile. If you’re …
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 standard deduction grew significantly under the Tax Cuts and Jobs Act (TCJA). However, despite the standard deduction growing in 2018, the rise was less groundbreaking in 2019. For …
The federal government motivates you to buy a house by permitting the deduction of home loan interest. The interest you pay throughout the year is entitled to a reduction …
Are you wondering who can qualify as a dependent on your tax return? This is your guide to assessing whether one of your family members may be able to …
If you happen to have a home office, you may be able to use it as a deduction when it comes to the cost of running your home business. …
