Latest Tax Credit Articles
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Cancellation of debt provides tax relief for homeowner’s short sale
You have to meet certain conditions to get a break from the IRS on a short sale.
2 min read Feb 09, 2016
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How do heirs calculate tax due on land conveyed via a ‘Lady Bird deed’?
A ‘Lady Bird deed’ is a popular estate planning tool with tax and other advantages.
3 min read Dec 08, 2015
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Figuring capital gains on sale of home deeded to children
To figure your capital gain on the deeded home’s sale, you must consider these factors.
2 min read Dec 01, 2015
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Will inherited IRA RMD impact my ability to get the Obamacare premium tax credit?
The distributions you must take from the inherited IRAs likely won’t impact your tax credit.
3 min read Oct 27, 2015
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Rules for claiming parents as dependents if they just arrived in the US
You need to meet 5 requirements to claim your parents as dependents.
2 min read Oct 20, 2015
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FSA saves money, cuts taxes
Find out how one of the most popular tax benefits for families, an FSA, can help you.
5 min read Sep 30, 2015
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Jean Chatzky: Avoid solar energy rip-offs
These 5 tips will help you get the best deal on solar panels — and avoid shady operators.
3 min read Sep 15, 2015
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Tax breaks dead until Congress revives them
More than 50 tax provisions have expired. Will Congress renew them?
3 min read Aug 26, 2015
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How do we report taxes on home confiscated via eminent domain?
You can report your home’s sale when the deed transfers, and postpone reporting the gain.
3 min read Aug 18, 2015
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Does a new roof count toward a tax credit on a solar energy system?
Uncle Sam wants you to have an energy-efficient home and helps pay for certain costs.
2 min read Aug 04, 2015