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
About 25 percent of U.S. families who care for their parents spend in excess of $10,000 each year doing so. Plus, 40 percent of all families who pay the way for their elderly parents...
Posted by CROMWELL & ASSOCIATES, LLC 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
According to the AARP, over 30 million American adults are caregivers to other adults. What's more, about 80% of family caregivers are paying for dependent care expenses out-of-pocket,...
Posted by Advantage Tax Service on 05/10/2017
The tax reform proposal coming from the Trump administration includes another two dependent care deductions that will benefit families paying for child care. The first proposed tax...
Posted by Advantage Tax Service on 05/09/2017
What's the best way to take advantage of all possible tax strategies for 2017? Perhaps the smartest way to pay less to Uncle Sam is to take advantage of as many deductions as...
Posted by Bottom Line Tax Services, LLC on 05/09/2017
For anyone with a dependent, there are many different deductions out there that will give you a tax credit and reduce your tax payable. It is just a matter of finding which ones you...
How can taxpayers take advantage of every useful income deduction for 2017? The best way to pay a lower overall tax bill is to use as many deductions as possible, contribute to...
Posted by ICHIBAN INTL., INC. dba US-Taxman on 05/02/2017
It is safe to say the average tax paying American sees the US tax system as burdensome and exorbitant. However, with a little research, it quickly becomes clear that the average...
Posted by Advantage Tax Service on 04/26/2017
