Above-the-Line Deductions Anyone Can Take
The information in this article is up to date for tax year 2024 (returns filed in 2025). Above-the-line deductions reduce your gross income before calculating your Adjusted Gross Income (AGI). This can increase your eligibility for various tax credits and deductions, reducing your...
Is Mortgage Interest Tax Deductible?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Is mortgage interest tax deductible? Yes, you can deduct the interest on your mortgage to lower your taxable income. This article breaks down the rules and limits so you can make the most of...
10 Last-Minute Tax Deductions You Don’t Want to Miss
The information in this article is up to date for tax year 2024 (returns filed in 2025). Do you want to save money on your tax return? Well, then don't miss out on valuable tax deductions. Using tax software to prepare your return will make life a lot easier, especially now that...
Made a Tax Mistake? Amend Your Return
The information in this article is up to date for tax year 2024 (returns filed in 2025). Did you notice a mistake on your taxes after you filed? Depending on your situation, you may have to amend your return. Don’t worry about math errors, the IRS will automatically correct those...
10 Effective Ways to Reduce Taxable Income
The information in this article is up to date for tax year 2024 (returns filed in 2025). Want to know how to reduce taxable income? You’ve come to the right place. This article will reveal ten effective strategies to help you save on taxes. Key Takeaways Maximize retirement...
Filing Taxes as a 1099 Independent Contractor: A Quick Guide
The information in this article is up to date for tax year 2024 (returns filed in 2025). Filing taxes as a 1099 independent contractor involves handling your own income and self-employment taxes. In this article, you’ll learn how to file taxes as a 1099, understand key...
Unpaid Taxes: Potential Consequences and Actions to Take
The information in this article is up to date for tax year 2024 (returns filed in 2025). What happens if you prepare your tax return and realize you can’t pay the amount you owe? While it may be tempting to ignore your tax bill, paying taxes on time is crucial to avoid severe...
15 Commonly Missed Tax Deductions
The information in this article is up to date for tax year 2024 (returns filed in 2025). Tax season can be stressful, and many taxpayers are unaware of the deductions they might be missing out on. While some deductions are straightforward, others are often overlooked, resulting in...
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