Does your charity donation actually lower your tax bill?

Does your charity donation actually lower your tax bill?

It’s December. You’re being deluged with donation requests from all sides. Well-meaning family members and friends, charged to make the fundraising goals necessary to continue their life’s mission, are turning to you for support. And they gallantly assure you of the...

How Paying College Tuition Can Save Your Tax Bill

How Paying College Tuition Can Save Your Tax Bill

Any taxpayer – or any dependants claimed on their tax return – who receives a tuition statement from an eligible higher education institution (1098-T), may be eligible for either of two education credits…even if it was paid in December to cover the spring semester of the next tax year.

Are you eligible for the Qualified Business Income deduction?

Are you eligible for the Qualified Business Income deduction?

For tax years 2018-2025, small business owners and self-employed taxpayers who earn their income within the US may be eligible for a new tax savings, where they can exclude up to 20% of their business’ qualified taxable income from federal income tax, or 20% of their personal taxable income.

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