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What You Need to Understand About Extensions

There are lots of legitimate reasons why taxpayers need more time to file. One of the most common reasons is the situation where income does

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Home Mortgage Points- Fully Deductible THIS Year?

Home Mortgage Points

The term “points” is used to describe certain charges paid to obtain a home mortgage. Points are prepaid interest and may be deductible as home

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Deducting Medical Expenses to Reduce Tax Liability

If you have a large number of medical expenses, you may be able to deduct many of these from your taxes. Many types of medical

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Charitable Contributions

Charitable contributions are donations made to qualified charitable organizations. The contributions can be monetary, or physical property. Qualified charitable contributions are deductible as an itemized

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Simplified Option for Home Office Deduction

  Beginning in tax year 2013 (returns filed in 2014), taxpayers may use a simplified option when figuring the deduction for business use of their

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10 Things to Know About Child and Dependent Care Credit

If you paid someone to care for your child, spouse, or dependent last year, you may be able to claim the Child and Dependent Care

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Married Filing Jointly or Separately? The Choice Is Yours

If you are married, you generally have a choice of filing your federal income tax return(s) as married filing jointly (MFJ) or as married filing

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Can you Claim your Parent As a Dependent?

Parent as Dependent

If you are caring for your mother or father, you may be able to claim your parent as a dependent on your income taxes. This

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How much can I contribute to my IRA in 2014?

The amount you can contribute to your traditional or Roth IRA remains $5,500 for 2014, $6,500 if you’re 50 or older. You can contribute to

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What can a mentor do for me? How do I find a good one?

Whether you are just starting out or running a large company, it helps to have a mentor to whom you can turn with questions large and small.

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