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What is the Earned Income Tax Credit? Find Out If You Qualify
While millions of households already claim this special break for workers with modest incomes, the IRS says many more are eligible for the credit but fail to take it. The rules were recently liberalized, so more households are eligible. Take a few minutes to make sure you don't miss out on a credit that could bring you a refund check. Read more…
Standard Deduction vs. Itemized Deductions: Which Is Better?
The pressure of a looming tax deadline may make it easier to take the standard deduction rather than itemize your deductions, but you should weigh this question carefully. Here are a few key areas to consider — including charitable donations, medical deductions, and how your mortgage figures into your taxes. Read more…
Which Charitable Contributions are Tax Deductible? [Infographic]
For giving money, goods, or property to certain types of organizations, the IRS allows you to take a tax deduction. Only donations to groups defined by section 501(c)(3) of the Internal Revenue Code are eligible. Read more…
8 Common Life Events That Affect Your Taxes
If one thing in life is certain, it's that your taxes will never stay static. Events in your own life as well as frequent adjustments by legislation can be cause for either increasing or decreasing your taxes. Here are 8 common life events you should know that may affect your taxes. Read more…
9 Things You Didn't Know Were Tax Deductions
Few realizations are more painful than realizing that you forgot to include a tax deduction that would have lowered your tax bill or increased your tax refund on your tax return. Here are some tax deductions that you shouldn't overlook. Read more…
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