Aug 14, 2022 | Finances, Taxes
Understanding Tax Credits Versus Deductions Tax credits are some of the most valuable tools around to help cut your tax bill. But figuring out how to use these credits on your tax return can get complicated very quickly. Here’s what you need to know....
Jul 22, 2022 | Planning, Taxes
Watch for These Tax Surprises Our tax code contains plenty of opportunities to cut your taxes. There are also plenty of places in the tax code that could create a surprising tax bill. Here are some of the more common traps. Home office tax surprise. If you deduct home...
Jun 14, 2022 | Planning, Taxes
Start Your Tax Planning NOW! Keeping your taxes as low as possible requires paying attention to your financial situation throughout the year. Now that you’ve filed your 2021 tax return, here are some tips for getting a head start on tax planning for your 2022 return:...
Jun 7, 2022 | Business, Taxes
Making Your Home Office a Tax Deduction The home office deduction is a great tax break for the millions of Americans who are now working from home, either occasionally or full-time. But there’s one huge catch…you can’t be an employee! That’s right, if you’re working...
Jun 3, 2022 | Finances, Taxes
Make Your Child’s Summer Break a Tax Break As a busy working parent, you may be on the lookout for activities that are available for your kids this summer. There may be a solution that’s also a tax break: Summer camp! Using the Child and Dependent Care Credit,...
