It’s Ask The Taxgirl! Today, we tackle claiming the standard deduction versus itemizing your deductions.
Read MoreTag: itemized-deductions
It’s Time For A Checkup On Your Taxes
Did you itemize your deductions on a Schedule A last year? If so, the Internal Revenue Service (IRS) encourages you to do a quick checkup on your taxes to avoid any nasty surprises at year end.
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Taxes From A To Z (2018): L Is For Line Of Credit
It’s Taxes From A to Z! L is for Line of Credit.
Read MoreWhat Your Itemized Deductions Will Look Like After Tax Reform
With all of the focus on new tax rates after Congress green-lighted tax reform, it’s easy to forget that some of the biggest changes don’t have anything to do with tax rates: They’re about deductions. Here’s how Schedule A will be affected for the 2018 tax year.
Read MoreFiling Your Tax Return In 2015? You Might Want To Leave Those Medical Receipts At Home
Form W-2? Check. Forms 1099-MISC? Check. Forms 1099-B? Check. Form 1098? Check. Receipts to support charitable deductions? Check. Receipts for medical expenses? Er, you might
Read MoreTaxes From A To Z (2013): J Is For Junk Fees
J is for Junk Fees. If you’ve ever bought or sold a home, you’ve probably seen a laundry list of fees on your sale or
Read More11 Tax-Favored Valentine’s Day Gifts For 2013
“Love is much nicer to be in than an automobile accident, a tight girdle, a higher tax bracket or a holding pattern over Philadelphia.” – Judith Viorst, children’s author and tax activist
Read MoreAsk The Taxgirl: Property Taxes
Taxpayer asks: Where I live, you prepay property taxes by 6 months. So in 2012 I paid taxes In Jan and then in June. In
Read MorePaying For Summer Camp: Is Any Of It Deductible?
My son starts summer camp tomorrow. And this is what I have learned as a parent about summer camp: it’s expensive. Super expensive. Last week,
Read MoreTaxes From A To Z: J Is For Job Search Expenses
J is for Job Search Expenses. Despite recent news that seems to hint that the job market might be recovering, many Americans are still out
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