Here are seven things from the IRS website to know about deducting costs related to your job search: 1. To qualify for a deduction, your expenses must be spent on a job search in your current occupation. You may not…
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The Child and Dependent Care Credit is a nonrefundable tax credit based on expenses incurred for the care of a qualifying person. This care must make it possible for you to work or to seek employment. This credit is based…
If you believe you are a victim of identity theft, you should contact one of the three major credit bureaus to place a “fraud alert” on your credit account. This critically important step makes it harder for identity thieves to…
Many people use a tax professional to prepare their taxes. If you choose a tax pro, you should know who can represent you before the IRS. There are new rules this year, so the IRS wants you to know who can represent you and when they can represent you. Choose a tax return preparer wisely.
Every taxpayer has a set of fundamental rights. The “Taxpayer Bill of Rights” takes the many existing rights in the tax code and groups them into 10 categories. You should be aware of these rights when you interact with the…
The IRS, the states and the tax industry urge you to be safe online and remind you to take important steps to help protect your tax and financial information and guard against identity theft.
If you're searching for a job, you may be able to deduct some of your expenses on your tax return. Here are seven things the IRS wants you to know about deducting costs related to your job search. 1. To…
You can deduct your contributions only if you make them to a qualified organization. Most organizations, other than churches and governments, must apply to the IRS to become a qualified organization. Deductible as Charitable Contributions: Money or property you give…
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Missed deductions can be costly! Here are five frequently missed tax deductions.
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