5 Things You Should Know About Claiming the Child Care Tax Credit July 15, 2016
We all know child care can get expensive. However, it’s sometimes necessary. If you are working and need help with child care, you can reduce some of the impacts to your bottom line with the help of the child care tax credit.
Do Millionaires Really Leave States with Higher Taxes? June 06, 2016
One of the clarion calls of this year’s presidential election, at least in terms of what Bernie Sanders and Hillary Clinton say they will do if either is chosen as the Democratic nominee and then goes on to win, is raising taxes on the wealthy.
Criminal Inquiry Related to the Panama Papers April 25, 2016
In recent weeks, one of the most significant tax-related issues in the news has been the Panama Papers. This story revolves around the leak of offshore companies that were serviced by a Panamanian firm specializing in helping individuals and others set up tax havens.
4 Tax Breaks that are Crazy — And Legit February 23, 2016
When we think of tax breaks, we normally think of the boring things we all claim: charitable contributions, Earned Income Credit, and mortgage interest. We might think about our business expenses, or deductions for things like moving and student loan interest if they apply.
Deductions vs. Credits: What You Need to Know February 03, 2016
As you prepare your taxes this year, it’s important to understand the key differences between certain tax breaks. Knowing how deductions and credits work can help you make more informed choices about how you fill out your tax return, and help you legally reduce your tax liability as much as legally possible.
