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Tax Deductions

'Give Me a Break!' 11 Most Overlooked Tax Deductions And Credits

LearnVest | Posted 03.27.2015 | Money
LearnVest

To help alleviate the sting of paying Uncle Sam, we asked CPAs to share some of the most commonly overlooked tax deductions and credits for everyone from newlyweds to new homeowners.

The 10 Most Overlooked Tax Deductions and Credits

Betterment.com | Posted 05.18.2015 | Money
Betterment.com

Most taxpayers can use a standard deduction when filing their taxes, but you can possibly save more money if you're eligible for a variety of itemized deductions or credits.

Six Tips On Preparing For Tax Day

Carrie Schwab-Pomerantz, CFP | Posted 05.18.2015 | Money
Carrie Schwab-Pomerantz, CFP

But whether you prepare your own return or work with a tax professional, there are ways to make the process less burdensome. It all hinges on a bit of upfront organization, and having a basic understanding of how your tax bill is calculated.

Should I Use Tax Credits or Deductions to Save on My Student Loans?

CommonBond | Posted 04.20.2015 | Money
CommonBond

It's understandable if your eyes are glazing over with tax talk, but it's time to wake up: you could save thousands of dollars each year by filing for the right tax benefits.

Student Loan Debt Crisis in America

Rep. Charles Rangel | Posted 04.07.2015 | Politics
Rep. Charles Rangel

Because of the student loan debt crisis, millennials are increasingly delaying investments in houses, not buying cars, and putting off starting a family, which cripples our consumer-driven economy. And perhaps most troubling, they are avoiding graduate and professional school programs.

2015 -- Happy New Year, Happy Tax Fitness!

Mark Steber | Posted 03.16.2015 | Business
Mark Steber

One of my resolutions is to help as many people as possible achieve one of the most common resolutions American's make: financial fitness. Was it on your list or should it have been?

How to Turn Your End of Year Charitable Contributions Into Tax Savings

Lisa Greene-Lewis, CPA | Posted 02.23.2015 | Money
Lisa Greene-Lewis, CPA

While many of us show our generosity throughout the year by donating to charity and volunteering our time to help causes we support, there's no better time than the holidays to get into the spirit of giving.

Congress Passes Tax Extenders: What You Need to Know

Lisa Greene-Lewis, CPA | Posted 02.18.2015 | Money
Lisa Greene-Lewis, CPA

Yesterday, the Tax Increase Prevention Act of 2014 was passed by Congress, temporarily and retroactively extending more than 50 tax breaks that expired on December 31, 2013, meaning you and other taxpayers out there may receive a little extra holiday cheer this season.

Giving To Charity For The First Time? Read This First

WiserAdvisor.com | Posted 01.31.2015 | Money
WiserAdvisor.com

The holidays can inspire people to adopt a generous mood. You're thankful for the blessings you've received and want to pay it forward -- and you've also realized charitable giving can lower your taxes, as well.

8 End-of-Year Tax Tips You Won't Want to Miss

Lisa Greene-Lewis, CPA | Posted 01.18.2015 | Money
Lisa Greene-Lewis, CPA

2014 is quickly coming to a close. Before ringing in the New Year, take December to round out some quick and easy tips to lower your tax obligations and even boost your tax refund. And who doesn't want more money?

What You Need to Know About the Tax Extenders Up for a Vote

Lisa Greene-Lewis, CPA | Posted 12.15.2014 | Money
Lisa Greene-Lewis, CPA

Now that summer is officially over and the fall season has arrived, most of us are looking ahead to cooler weather, the holiday season and spending time with family. But there's one thing many of us may not be thinking about but should be: taxes.

Start Planning for the Future

Mark Steber | Posted 07.28.2014 | Business
Mark Steber

It is time to start planning for the future and the future of your taxes is in about 240 days. That is when the IRS is expected to start processing 2014 tax returns (assuming no late tax legislation changes or other IRS delays) and you will be able to file your taxes and receive your refund.

Filing for a Tax Extension? What You Should Know

MyBankTracker | Posted 06.15.2014 | Money
MyBankTracker

While time is ticking for you to complete your taxes, don't get so caught up trying to file that you make a mistake!

12 Home Deductions to Help Shrink Your Tax Bill

Michael Corbett | Posted 06.08.2014 | HuffPost Home
Michael Corbett

In the rush, you may be overlooking significant tax savings that homeownership can bring if you're planning to itemize your deductions this year.

Last-Minute Tax Talk for Parents

Neale Godfrey | Posted 05.26.2014 | Parents
Neale Godfrey

Whether you're a procrastinator, a denier or just anxious, here are tips for parents and families to remember now and suggestions to make subsequent filing years a little less stressful.

Big Tax Deductions for College Expenses

Terry Savage | Posted 05.19.2014 | Money
Terry Savage

Paying for college is costly. But there are some tax benefits that can help parents who are footing the bill, or students who are independent.

5 Easy Ways to Reduce Clothing Waste and Save Money

Emily Chen | Posted 05.03.2014 | Impact
Emily Chen

As clothing manufacturers and governments address waste in both the pre-consumer and post-consumer stages of the global textiles lifecycle, what can we easily do to reduce clothing waste -- and save money?

Oscar React: The Real 'Wolfs of Wall Street' Are Still Roaming Free

Dennis M. Kelleher | Posted 05.03.2014 | Business
Dennis M. Kelleher

To the extent that the movie implies that this relatively small time hustler was Wall Street's biggest, worst, most notorious or even a representative wolf of Wall Street, Leonardo DiCaprio and Martin Scorcese are howling up the wrong tree.

3 Myths About Buying Your First Home

Eric Roberge | Posted 04.08.2014 | HuffPost Home
Eric Roberge

A purchase that looks like a home run from the outside, may have actually resulted in a loss.

New Job? Tax Deductions for Your Job Search Can Save You Money on Your Taxes

Lisa Greene-Lewis, CPA | Posted 03.19.2014 | Money
Lisa Greene-Lewis, CPA

Many job search expenses are tax deductible, and knowing what job hunting deductions you qualify for and having your receipts in front of you when you file your taxes can save you some money when you file your taxes.

Santa's Tax Return

Mark Steber | Posted 02.19.2014 | Money
Mark Steber

Given that tax season is right around the corner, what could Santa expect when he files?

Don't Lose Your FSA Dollars

Mark Steber | Posted 02.03.2014 | Money
Mark Steber

You, and many American taxpayers, may be in danger of leaving some of your hard-earned money on the table and otherwise losing some tax benefits you otherwise deserve and can get quite easily.

I'm Thankful for Being a Tax Guy; What are You Thankful for?

Mark Steber | Posted 01.27.2014 | Business
Mark Steber

Since I'm a tax guy, I'm certainly thankful that I work in a field that keeps me engaged and always learning. And also, since I'm a tax guy, this Thanksgiving, let's look at some things to be thankful for from a tax perspective.

3 Business Tax Moves to Make Now

Mary Ellen Biery | Posted 01.25.2014 | Business
Mary Ellen Biery

Some big-dollar tax deductions that affect businesses are set to expire in 2013, so now's the time to make sure your company considers taking advantag...

Home-based Business? Five Ways to Cut Your Tax Burden Now

Allena Tapia | Posted 11.08.2013 | Small Business
Allena Tapia

You know what time of year it is, micro-businesses! You've faithfully kept your business records, and have estimated and paid your quarterly taxes throughout the year. But December is coming up, and that means it's time to close out 2013.