Tax Tips

Medical and Dental Expenses May Impact Your Taxes
 

Medical and Dental Expenses May Impact Your Taxes

Posted: March 8, 2017
Medical expenses can trim taxes. Keeping good records and knowing what to deduct make all the difference. Here are some tips to help taxpayers know what qualifies as medical and dental expenses:

Five Tax Tips on Unemployment Benefits
 

Five Tax Tips on Unemployment Benefits

Posted: March 7, 2017
Taxpayers who received unemployment benefits need to remember that it may be taxable. Here are five key facts about unemployment.

Nine Common Filing Errors to Avoid
 

Nine Common Filing Errors to Avoid

Posted: March 6, 2017
The IRS encourages taxpayers to file an accurate tax return. If a taxpayer makes an error on their return, it will likely take longer for the IRS to process it. This could delay a refund. Here are nine common errors to avoid.

Debt Cancellation May be Taxable
 

Debt Cancellation May be Taxable

Posted: March 2, 2017
If a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2016.

Get Prior Year Tax Information from the IRS
 

Get Prior Year Tax Information from the IRS

Posted: March 1, 2017
Those who need a copy of their tax return should check with their software provider or tax preparer. Prior year tax returns are available from IRS for a fee.


Capital Gains and Losses – 10 Helpful Facts to Know
 

Capital Gains and Losses – 10 Helpful Facts to Know

Posted: February 23, 2017
When a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment. Here are 10 facts that taxpayers should know about capital gains and losses.