Who can claim moving expenses on their return? Students and employees can claim certain expenses related to their move from a location in Canada to another location in Canada. What are the conditions for students to claim moving expenses? Full-time students who take postsecondary courses at a university, college or other educational institution can claim [...]
Top Business Tax Deductions
The start of a new year also means that tax time is approaching and that can send some small business owners scrambling. Figuring out what you owe and …
These 10 Tax Deductions are Commonly Overlooked
Thursday, February 23rd, 2017 Tax software can seem like the best option, it’s often free, and it’s fast. But you get what you pay (or don’t pay) for. Using tax software, many taxpayers overlook deductions that could save them a hefty sum of money. And even worse, there are many who incorrectly claim deductions when they use tax software.This sort of mistake could cost you an audit. Everyone wants all the money that they’re entitled to, and no one wants an audit. So…
How to Maximize Tax Deductions and Credits
Find out how deductions and credits can impact your tax return and the first steps you should take to make sure you get the most out of your taxes.
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…
10 Creative (But Legal) Tax Deductions
It's tax time! You know what that means: Time to see what you can write off to lower your tax bill. Find that sweet spot between an audit and overpaying your taxes here.
4 Tax Deduction Tips for Small Business Owners
4 Tax Deduction Tips for Small Business Owners. Learn more from our experts now.
How Business Travel Tax Deductions Work
Does the business travel tax deduction have you mystified? You're not alone -- it's one of the most complex deductions around.
How to Get a Tax Deduction for a Volunteering Vacation
This story originally appeared on money.com. If your summer plans include a volunteer vacation, save all your receipts — even for your plane ticket. While the charity and its beneficiaries will...
Top 7 Tax Deductions for the Self-Employed
These days, more professionals are shifting from the role of full-time employee to freelancer, a movement that some refer to as a gig economy. If you have freelance income to re...
How Much is Your Standard Tax Deduction?
Taxpayers can opt to take a standard deduction or itemize. How much you qualify for depends on your filing status, age, and whether you are blind.
4 tips for year-end charitable tax deductions
As year-end approaches, many taxpayers consider last minute donations; merging their desire to do good with their desire to lower their tax burden.
The Ultimate List of Small Business Tax Deductions
Every small business owner wants to save money — and small business tax deductions are one way to do that. Here’s the ultimate list of not-to-miss deductions.
Why Tax Credits Beat Tax Deductions for College Costs
When it comes to college costs, should you be taking tax deductions or tax credits? Find out why most experts encourage families to take tax credits.
Tax Tips for Substantiating Your Tax Deductions for Charitable Contributions
Learn essential record-keeping practices to maximize your charitable contribution deductions.
How to Feast on Tax Deductions for Company Picnics
Despite new restrictions on entertainment deductions, a business can still write off the full cost of a company picnic or barbecue as long as certain requirements are met.