When preparing your tax return, you have to choose between standard deductions and itemized deductions. Your choice would likely depend on the higher figure, which is what most taxpayers...
Posted by Advantage Tax Service on 01/31/2018
Consisting of all the deductions to your income that come before your adjusted gross income (AGI), a standard is a set dollar amount that you can use to claim tax deduction without...
Posted by Flynn Financial Group Inc on 01/19/2018
When struggling with the filing personal taxes at the end of the year, we all find ourselves asking the same question: Should I itemize my return or opt for the standard deduction?...
Posted by ALJ Business Services,LLC on 01/18/2018
When it comes to your taxes, there are a variety of fees that you can deduct. But some of these are only available to you if you are filing business taxes and cannot be used for your...
Posted by ALJ Business Services,LLC on 01/11/2018
Making charitable donations is one way to reduce taxes. Donations can be used as tax deductions for taxpayers who choose to itemize deductions instead of taking the standard deduction....
Posted by Lone Star Tax Group on 12/20/2017
Like most people in America today, you have spent all of your life paying into Social Security, but did you know that up to 85% of your benefits may be ate up by tax demands from the...
Posted by Lone Star Tax Group on 12/19/2017
When preparing your tax return, you have to choose between standard deductions and itemized deductions. Your choice would likely depend on the higher figure, which is what most taxpayers...
Posted by ICHIBAN INTL., INC. dba US-Taxman on 05/17/2017
Most taxpayers believe that if they want to claim any deductions but the standard ones, they must file an itemized tax return. The truth is there are a series of deductions that may...
Posted by RONNIE@RLDARDENCPA.COM on 05/10/2017
Medical expenses are one deduction that can make a significant impact on the amount you owe the IRS. Itemized deductions such as medical expenses are used by many taxpayers in lieu...
Posted by RONNIE@RLDARDENCPA.COM on 02/22/2017
