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
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
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
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
Planning for taxes takes more than a magic eight ball! While there is always a certain amount of inherent uncertainty in any planning, the goal is to provide enough information to have insight to how today’s decisions might change tomorrow’s outcomes. Luck comes to those best prepared. Choose to be prepared.