How to Calculate Deductions From Your Hourly Paycheck

6 Home Tax Deduction Traps to Avoid: Do You Know What They Are?

To make sure you don't end up with tax filing errors, keep your eye peeled for these common home tax deduction traps and steer clear.

5 Common Tax Mistakes to Avoid

Deductions, withholdings, credits, dependents -- it's enough to make a non-CPA's head spin. The tax filing deadline is fast approaching, meaning you still have time to make, and hopefully fix, some of the worst mistakes when preparing your taxes....

Increase your tax refund with these deductions

Their advantage: They aren't subject to being phased out as your adjusted gross income goes up

How To Calculate Mileage Deduction with Personal Stop

Most of us mix business and personal errands. Learn how to calculate the mileage you need when drives include a personal stop.

How to DIY Your Taxes — and Not Miss a Single Deduction

These tips to DIY your taxes and choose tax preparation software will help you avoid mistakes and make sure you get all your homeowner tax deductions.

Where does all your money go? Your paycheck explained

Though not all paychecks are alike, there are elements that all employers must include. Let’s break it down:

How Itemized Deductions Work

Find out how you may lower your tax burden if you itemize deductions on your tax return this year rather than taking the standard deduction.

Itemized Deductions: What They Are and How They Work

An itemized deduction is a qualifying expense that may reduce how much you owe in taxes.

What Are The Fees & Hourly Rates Of Accounting Consulting Firms?

Are you wondering what fees or hourly rates to expect when working with an accounting or financial consulting firm? Our blog details what you can expect.

Overpaying tax? Amazing tax deductions often ignored

Thank goodness for tax deductions! These are some incredible tax deductions you probably didn’t know of or were simply ignoring.

Wonder What a Tax Deduction Is Worth?

Individuals are always looking for tax deductions that can reduce their tax liability. But what is the actual tax benefit derived from a tax deduction? There is no straightforward answer because some deductions are above the line, others must be itemized, some must exceed a threshold amount before being deductible, and certain ones are not deductible for alternative minimum tax purposes, while business deductions can offset…

What qualifies as a miscellaneous itemized deduction?

The only way you’re allowed to deduct miscellaneous items is if they total more than 2% of your adjusted gross income.

How to Increase an Investment Interest Deduction

It’s rare when tax return preparers advise their clients to look a gift horse in the mouth. But it might happen when a taxpayer is affected by the limits for deducting investment interest expenses. Depending on the situation, it may make sense to...

Victim of Embezzlement? How to Claim a Theft Loss Deduction

A business may be able to claim a federal income tax deduction for a theft loss, but does embezzlement count as theft?

Complete Guide to Paycheck Deductions

How Depreciation Rules Impact Deductions

An overview of how depreciation rules impact deductions and the ways they have affected small business entrepreneurs.