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Recent Articles

Deductions for Sales Tax
Most states charge a sales tax on the purchase of goods sold within their jurisdictions. However, there are several tax-free states in which you can shop that do not impose a sales tax on retail purchases. But, regardless of whether you shop in a tax-free state or not, sales taxes can impact your federal tax return. Read more…

Video: Filing Schedule EIC Earned Income Credit
Does some of the income you report on your tax return come from employment, or work you perform as a sole proprietor or independent contractor? If your answer is yes, you satisfy one of the requirements for taking the earned income credit. Read more…

Is Your Car Registration Deductible?
Your car registration fees may be partially deductible on your federal income taxes, but only under certain circumstances. Read more…

5 Things You Should Know about Refundable Tax Credits
There are two types of tax credits available for taxpayers: refundable and nonrefundable. Both types offer you the chance to lower the amount of taxes you owe, but refundable credits can also get you a tax refund when you don't owe any tax. Read more…

How to Maximize Your Itemized Tax Deductions
Since you can decide every year whether you want to take the standard deduction or not, careful tax planning can help you maximize your deductions in years you itemize. Read more…


More Tax Deductions and Credits Articles

What Extra Tax Deductions Should I Make Sure To Take? 8 Things You Think Are Tax Deductible That Aren't 9 Things You Didn't Know Were Tax Deductions The Ins and Outs of the Child and Dependent Care Tax Credit 8 Common Life Events That Affect Your Taxes Can You Claim a Boat or RV as a Primary Residence? Video: Who Qualifies for the 2015 Earned Income Tax Credit What is the Additional Child Tax Credit? What Are Tax Deductions? What Is the Difference Between a Refundable and a Nonrefundable Credit? Deductions Allowed for Contributions to a Traditional IRA 7 Requirements for the Child Tax Credit What is the IRS Form 5405? How Major Life Events Affect Your Taxes The Land of Unknown Tax Deductions Video: What Are Tax Credits? The 5 Biggest Tax Credits You Might Qualify For Filing Tax Form 8862: Information to Claim Earned Income Credit After Disallowance Video: Common Income Tax Deductions What Are Itemized Tax Deductions? How to Write Off Sales Taxes Video: Changes in the Standard Deduction for Certain Tax Filers Filing Tax Form 2441: Child and Dependent Care Expenses Video: The New 2009 Tax Deduction for Car Buyers Video: What Are Tax Deductions? 10 Strange But Legitimate Federal Tax Deductions What Are Standard Tax Deductions? Home Ownership Tax Deductions When to Use Schedule EIC: Earned Income Credit Video: What Are Itemized Tax Deductions? What Are Tax Credits? Earned Income Credit Tax Deduction Wisdom - Should You Itemize? What is the IRS Form 8812? 5 Facts About the Earned Income Tax Credit Video: What is the Standard Tax Deduction? Video: Does the IRS Allow Deductions for Donated Work? Child Tax Credit

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