Can I Claim My Parents as Dependents?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Yes, you can claim your parents as dependents on your tax return, but there are specific IRS criteria you’ll need to meet. In this guide, we’ll walk you through the...
What is the Current Mileage Reimbursement Rate?
The information in this article is up to date for tax year 2025 (returns filed in 2026). Looking for what is the current mileage reimbursement rate for 2025? For business use, it’s 70 cents per mile. For medical or moving purposes, it’s 21 cents per mile, and for...
Is Car Insurance Tax Deductible? Find Out
The information in this article is up to date for tax year 2024 (returns filed in 2025). Ever wondered if car insurance is tax deductible? Well, we’ve got the answer, If you use your car for business, you might be able to write off part of your car insurance...
Is Credit Card Interest Tax Deductible?
Is credit card interest tax deductible? Generally, the interest you pay on personal credit card debt cannot be deducted from your taxes. However, if the interest is from business-related expenses, it can be. This article explains the specifics of when and how credit...
Are Home Improvement Loans Tax Deductible?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Are home improvement loans tax deductible? Well, it kind of depends. If your home improvement loan is secured by your home, such as with a home equity loan or a HELOC, the...
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