Tax Deductions

Latest Tax Deduction Articles

• Private mortgage insurance (PMI) federal income tax deduction returns

  Homeowners who are paying PMI may be able to deduct this cost once again. Here’s how.

  3 min read Mar 24, 2020

  

• Open an IRA before the tax deadline to save on taxes

  It’s not too late to get a tax deduction for your IRA contributions.

  4 min read Feb 04, 2020

  

• Is an IRA certificate of deposit (CD) tax deductible?

  Looking to score more tax deductions? IRA CDs might be for you.

  3 min read Feb 12, 2018

  

• Americans think Washington will hurt their personal finances

  Americans say they don’t expect to gain a lot from the GOP tax cut.

  3 min read Dec 21, 2017

  

• This Giving Tuesday, many Americans plan to give back

  Approximately one out of five charitable donations will be larger than last year’s.

  2 min read Nov 28, 2017

  

• When can you take a tax deduction for moving expenses?

  If your new job prompted a move, you might be able to write off the costs. Here’s how.

  2 min read Apr 04, 2017

  

• How to cut your taxes using above-the-line deductions right on your Form 1040 or 1040a

  Some taxpayers may claim up to a dozen deductions right on their Form 1040. Here’s how.

  4 min read Mar 28, 2017

  

• Tax lesson for teachers: Educator expenses can be written off

  Teachers can deduct classroom supplies, professional development courses and more.

  2 min read Mar 24, 2017

  

• IRS Schedule A deductions can lower your tax bill

  It’s true! There are some good taxes, and you can use them to reduce your IRS bill.

  2 min read Mar 14, 2017

  

• 2 ways to deduct your home office on your taxes

  Determine which is best for you — the simplified or the regular home office deduction.

  4 min read Mar 07, 2017