Tax-deductions
Latest
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Retirees' Guide to Giving for the Greatest Impact
Making Your Money Last The need for charity is climbing, particularly to combat the rising poverty, hunger and homelessness from the pandemic’s economic fallout. Here's how you can help.
By Katherine Reynolds Lewis Published
Making Your Money Last -
IRS Extends Tax Due Dates for Hurricane Laura Victims
Tax Breaks Victims of Hurricane Laura have until the end of the year to file tax returns and make tax payments.
By Rocky Mengle Published
Tax Breaks -
Tax Relief for Hurricane, Wildfire, Flood and Other Natural Disaster Victims
Tax Breaks Deductions for lost or damaged property, filing and payment extensions, and fee waivers can help taxpayers hit by a hurricane, wildfire, tornado, earthquake, flood or other natural disaster.
By Rocky Mengle Published
Tax Breaks -
Do You Qualify for a $300 Tax Deduction Under the CARES Act?
tax deductions What is the new above-the-line universal tax deduction, and how does it work?
By Chad Chubb, CFP® Published
tax deductions -
CARES Act Expands Tax Deductions for Charitable Giving
Tax Breaks Which tax break you can take under the economic stimulus bill depends on whether you itemize or claim the standard deduction on your 2020 tax return.
By Rocky Mengle Published
Tax Breaks -
End-of-Year Moves to Trim Your 2019 Tax Tab
tax deductions It's time to look for last-minute moves that can shrink your 2019 tax bill. But the end of the year is coming fast, so don't procrastinate.
By Rachel L. Sheedy Published
tax deductions -
Deduct Expenses for Long-Term Care on Your Tax Return
Long-Term Care The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
By Rocky Mengle Published
Long-Term Care -
What the New Tax Law Means for Small Businesses
business The most sweeping tax overhaul in three decades brings lots of good cheer for businesses, ranging from a lower corporate tax rate to big tax savings for asset purchases.
By Joy Taylor Published
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Giving to Charity: Strategies to Ensure a Tax and Human Benefit Under New Tax Law
tax law Changes to the tax law in 2018 have taken away most people's ability to deduct charitable contributions. But there are still a few options to consider in order to give and still receive.
By Evan T. Beach, CFP®, AWMA® Published
tax law