Latest
-
Families with Dependent Care FSAs Get Good News from the IRS
Tax Breaks You'll still get a tax break if you carried over unused amounts from your dependent care flexible spending account from 2020 to 2021.
Tax Breaks -
Medical Expenses Retirees (and Others) Can Deduct on Their Taxes
tax deductions The list of medical deductions is broad and includes items such as expenses for service animals and the cost of long-term care.
tax deductions -
"Above-the-Line" Deductions for Your 2021 Tax Return
Tax Breaks If, like most people, you claim the standard deduction instead of itemized deductions on your return, there are still many other tax deductions available that could save you a lot of money.
Tax Breaks -
Smart Ways to Save on Child Care Costs
Starting a Family The expenses and tax complications that come with hiring a nanny were reason enough for me to take my son to day care instead.
Starting a Family -
Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return
Tax Breaks Eligible educators can write off expenses for COVID-19 protective items that help stop the spread of the virus in the classroom.
Tax Breaks -
13 Tax Breaks for the Middle Class
Tax Breaks Middle-class Americans are still feeling a financial squeeze. Fortunately, there are several tax breaks to help those who are struggling financially.
Tax Breaks -
There's Still Time to Contribute to Your IRA and Cut Your Taxes
Tax Breaks Although you need to act quickly, you still have time to make a 2021 IRA contribution and lower your tax bill.
Tax Breaks -
Biden's Plan to Tax the Rich Faces Roadblocks
Politics The president-elect is unlikely to get much on his wish list, with the Democratic majority in the House narrowed and the GOP likely keeping control of the Senate.
Politics -
Tax Tip: How to Deduct Property Damage Caused by Hurricane Zeta
Tax Breaks Get the maximum tax deduction for property losses resulting from Hurricane Zeta or other natural disasters.
Tax Breaks
