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Recent Articles

7 Requirements for the Child Tax Credit
The Child Tax Credit can reduce your tax bill by as much as $1,000 per child, if you meet all seven requirements: 1. age, 2. relationship, 3. support, 4. dependent status, 5. citizenship, 6. length of residency and 7. family income. You and/or your child must pass all seven to claim this tax credit. Read more…

10 Strange But Legitimate Federal Tax Deductions
With tax season in full swing, and people trying to deduct all that they can, we thought it the perfect time to highlight some strange but legitimate tax deductions. Some were challenged in Tax Court where the taxpayer won, others are every day deductions you shouldn't overlook. Read more…

Home Ownership Tax Deductions
You know that you can get an income tax deduction on the mortgage interest you pay. But there are other tax deductions you can take on your principal residence or second home -- such as property taxes. Read more…

Video: The New 2009 Tax Deduction for Car Buyers
If you bought a new car, motorcycle, RV or SUV this year, a new tax break could help you pay for your next tune-up. Read more…

What Is the Difference Between a Refundable and a Nonrefundable Credit?
A tax credit can substantially reduce the amount of tax you owe, or even make your tax refund bigger. However, not all tax credits are alike. Tax credits can be refundable or nonrefundable, and sometimes partly refundable. Read more…

More Tax Deductions and Credits Articles

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