tax deductions
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EV Tax Credit 2023: New Rule Changes and Which Vehicles Are Eligible
Tax Breaks Rules for the EV tax credit continue to change for 2023, which is causing confusion for buyers and electric vehicle manufacturers.
By Kelley R. Taylor • Last updated
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The HSA Contributions Deadline Hasn't Passed Yet, So There's Still Time to Reduce Your Tax Bill
The HSA contributions deadline for 2022 is fast approaching, but you still have time to contribute and potentially reduce your tax liability.
By Rocky Mengle • Last updated
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EV Charger Tax Credit 2023: What You Need to Know
The federal EV charger tax credit is back for 2023 with a few key changes to know.
By Kelley R. Taylor • Last updated
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Home Office Tax Deduction: Work-from-Home Write-Offs for 2022
Tax Breaks Being able to claim the home office tax deduction if you are working from home, depends on your employment status.
By Rocky Mengle • Last updated
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What's the 2023 Standard Deduction?
Tax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim on your federal income tax return?
By Rocky Mengle • Last updated
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13 Tax Breaks for Homeowners and Home Buyers
Tax Breaks Owning (or buying) a home is expensive. But at least there are some tax deductions, credits, and exclusions that can help you recoup some of those costs.
By Rocky Mengle • Last updated
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Educator Expense Tax Deduction is Higher for 2022
taxes Some educators can deduct more for classroom supplies because the educator expense deduction for out-of-pocket expenses is higher for the 2022 tax year.
By Kelley R. Taylor • Last updated
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Taxes on Gambling Winnings and Losses: 8 Tips to Remember
taxes If you pick the right horse at the track or win some money at a casino or though online betting, don't forget gambling taxes.
By Rocky Mengle • Last updated
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15 Believe It or Not Tax Breaks
Tax Breaks Your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine.
By Joy Taylor • Last updated