Should you itemize your deductions? It’s a question you will have to answer when you start filing your tax return. Here’s a quick look at what’s deductible and when you should take the standard deduction and when you should itemize.
For most of us, tax season is anything but a good time. That said, you may just find some fun in unearthing some hidden tax breaks that you’ve been missing out on! And it’s a good year for it: the American Recovery & Reinvestment Act (ARRA) of 2009 created several completely new tax credits and […]
IMPORTANT: This article applies to a tax credit in 2009 and 2010 that has now expired. Use this information for historical purposes only. The information here does NOT apply to current tax years. Good news for prospective home-buyers: It looks like Congress will extend the $8,000 first-time home buyer tax credit that was slated to […]