Tax Credits

Latest Tax Credit Articles

• Proof for claiming dependents

  The IRS rules for claiming a dependent seem simple, but proving it can be complex.

  Oct 07, 2008

• When to claim credit for the kids

  The child care credit is not meant to subsidize education, but to allow parents to work.

  Sep 23, 2008

• Taxes on per diem

  When figuring whether or not per diem is taxed, take into account your ‘tax home,’ says CPA George Saenz.

  Sep 16, 2008

• Same-sex couples denied property perks

  The federal government’s stance on same-sex marriages leaves couples without preferential property tax treatment.

  Sep 04, 2008

• Can big casino comps be offset with gambling losses?

  Figuring whether to include casino comps as taxable income is like playing roulette.

  Aug 07, 2008

• Will HELOC offset investment interest expense?

  The deduction for investment interest is limited, but disallowed investment interest can be carried forward on future tax returns.

  Aug 04, 2008

• What the new housing law means for you

  The housing rescue bill offers relief to homeowners and new buyers. Naturally, strings are attached.

  Jul 25, 2008

• Income limits for IRAs

  Income limits rule for spouses who want to contribute to a deductible IRA, says CPA George Saenz.

  Jul 23, 2008

• Gifts pay off for nonprofits and the donor

  You may have to itemize on your tax return, but your gifts to others might just give you a smaller IRS bill.

  Apr 08, 2008

• Foreign taxes can reduce your U.S. tax bill

  If you paid foreign taxes, you have a choice on how to use them to cut your U.S. tax bill.

  Mar 25, 2008