Tax Deduction

Your mortgage is very likely the largest debt you’ll ever have. It’s hundreds of thousands (or even millions) of dollars, that you’ll spend close to three decades paying off. So if you ever find yourself with an opportunity to pay off some — or even all — of your mortgage early, it would definitely be […]

Tax credits reduce your tax bill on a dollar-for-dollar basis. However, deductions are what lower your taxable income. The good news is that some home improvements can make your living space better and reap you benefits on your taxes too. There are multiple tax deductible home improvements you can undertake. That new bedroom might just […]

Looking for a job is work in itself. There’s the hustling for interviews, the following up on leads — and the constant polite smiling and genial small talk as you meet potential employers. That’s no easy job. But you can be rewarded quite nicely for your toil. Sure, there’s the long-term rewarding career, but the IRS […]

You’re well within your rights to use every available legal avenue to reduce your tax bill. Tax credits and tax deductions are both powerful instruments for achieving this. However, many laypeople only have an incomplete or vague understanding of what they are and how they work. You’ll need to develop a deep understanding of these […]