Tax Tips


10 Adoption Tax Credit Facts to Consider
 

10 Adoption Tax Credit Facts to Consider

Posted: March 22, 2017
Taxpayers who have adopted or tried to adopt a child in 2016 may qualify for a tax credit. Here are ten important things about the adoption credit.

Know These Facts Before Deducting a Charitable Donation
 

Know These Facts Before Deducting a Charitable Donation

Posted: March 20, 2017
If taxpayers gave money or goods to a charity in 2016, they may be able to claim a deduction on their federal tax return. Taxpayers can use the Interactive Tax Assistant tool, Can I Deduct my Charitable Contributions?, to help determine if their charitable contributions are deductible.


Check Out Tax Benefits for Higher Education
 

Check Out Tax Benefits for Higher Education

Posted: March 16, 2017
Higher education costs paid in 2016 can mean tax savings when taxpayers file their tax returns. If taxpayers, their spouses or their dependents took post-high school coursework last year, they may be eligible for a tax credit or deduction.

Don’t Miss These Overlooked Tax Deductions
 

Don’t Miss These Overlooked Tax Deductions

Posted: March 16, 2017
Even simple tax deductions can be overlooked. Stay informed about what you can deduct. The following points can help you see what you may be missing.

What is the Additional Medicare Tax?
 

What is the Additional Medicare Tax?

Posted: March 14, 2017
Some taxpayers may be required to pay an Additional Medicare Tax if their income is over a certain limit. The IRS would like people to know more about this tax.