Significant Tax Perks for Owners of Rental Properties

If you’re a landlord of one or more rental properties, chances are you’ve experienced a small headache or two. While being a landlord can come with hassles, it can also include significant tax perks which can help to deliver more bang for your buck than other investments.

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Things to consider when filing your taxes this year

Save on Taxes is on computer key

After filing electronically, it is important to watch for email notifications and/or return to the software program to ensure the filing was accepted.

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Cashing in on Life Insurance? You are Still Subject to Taxation

The 2017 Tax Cuts and Job Act included revisions designed to create financial options for millions of Americans with life insurance policies.

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Should you continue to itemize or go with the standard deduction now?

Itemizing versus Standard Deduction

For the 2018 tax year, following the Tax Cuts and Jobs Act of 2018 the IRS will reduce the types of allowable deductible expenses for itemized tax returns.

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Want Your Tax Refund Fast?

Maybe you don’t look forward to doing your taxes. However, if you are one of the millions of Americans who expects a tax refund, you are most likely looking forward to receiving it.

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Living Abroad? All U.S. Citizens, (Regardless of Where They Reside), May Need to File and Pay U.S. Income Taxes

Most Americans, residing inside the United States, understand that filing an annual tax return and paying taxes is a necessity each year. But for Americans residing outside of the United States there are sometimes questions about who needs to file and pay.

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What the New Tax Laws Mean for Divorcing Couples

Divorcing Couples

Divorce is not a pleasant subject to contemplate, and the impact of divorce on your taxes can add further complexity to situations that are already daunting enough.

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Who, Why, and How Much? The Earned Income Tax Credit

Income Tax Credit

The Earned Income Tax Credit (EITC) is not one of the tax code’s best-understood provisions, but it is one that can be of benefit to a large portion of the American populace.

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Tax-related Records: How Long Should You Keep Them?

Tax-related Records: How Long Should You Keep Them?

Tax filing requires having certain records on hand to refer to when documenting your income and other tax-related variables. But after you’ve filed your taxes, it’s not uncommon to wonder just how long you need to keep these documents.

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Medical Expenses: Tax Deductions Can Bring Relief

Medical expenses that are paid out of pocket — such as deductibles, clinic co-payments, prescription drugs, dental and vision care, and other healthcare costs not covered by insurance — are possible tax breaks.

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