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Feb 29, 2024Itemized vs. Standard Tax Deduction calculator
Explore our tool that contrasts the Standard Tax Deduction and Itemized Tax Deductions. In just a short amount of time
adminFeb 29, 2024Standard vs Itemized Tax Deduction
If you have ever carefully listed out your itemized tax deductions before, especially if you own a home, consider a different approach now.
Manisha HansrajNov 27, 2018How are Charitable Deductions Affected by the TCJA?
Generosity has its perks, or rather its tax benefits. Keep in mind, taxpayers are able to easily itemize once they exceed their standard deduction. This typically happens by taxpayers claiming charitable donations along with any expenses they have. It then becomes greater than their standard deduction. However, the standard deduction is twice the amount for 2017. […]
Manisha HansrajNov 5, 2018Prepare for the 2019 Tax Season!
2018 is coming to an end. It seems like the year went by so quickly. Now, are you ready for the new tax season? The 2019 tax season brings in a variety of changes that will ultimately affect how you file and Form 1040. Read below to find out what you need to know before filing your […]
Michelle O'BrienOct 26, 2016Can I Deduct Overlooked Expenses from Previous Years on This Year’s Taxes?
Lumping overlooked tax deductions in with this year’s return is hardly an option. Generally speaking, you cannot deduct expenses from a previous year on this year’s tax return. You can only deduct expenses in the year that you paid for them. Each tax return reports finances for its own year and each of those years needs […]
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