Tax Law

In recent years, animal rights activists have made many attempts to amend current tax law so that pets are considered dependents, and thus equivalent to children. Currently, in the eyes of the...

Head of household is one of the five filing statuses used when filing a United States federal tax return. It may only be used if certain criteria are met. You can qualify for this status if you're...

Your tax burden is not determined by your total income; it is determined by your taxable income. Taxable income can be reduced by making liberal (but honest) use of the many available Internal...

The IRS provides a special tax credit for income earners that pay for care of a dependent child or disabled person. This Child and Dependent Care Expenses helps people meet the cost of paying for...

If you pay for college tuition during the year, you can minimize your federal income tax liability by claiming a deduction for the expenses you made on education. You can claim an education...

Law enforcement officers can deduct certain out-of-pocket job-related expenses on IRS Form 1040Schedule A if those expenses have not been reimbursed by their employer and if the amounts exceed...

Legal expenses may be tax deductible. Whether or not a legal fee is tax deductible depends on why the legal fees were incurred. Most fees related to personal legal advice are not deductible, while...

Legal fees may constitute tax deductions when they are incurred for business purposes. While most personal legal expenses are not deductible, some can be claimed as miscellaneous Schedule A...

As a truck driver, whether you are self-employed or an employee, you can claim some deductions on a Schedule C to reduce tax liability if there are any out-of-pocket non-reimbursed expenses...

Whether you are a part-time or a full-time artist, you will need to report any earnings from your art. By keeping good records and operating in a businesslike manner, you can deduct your expenses...

You owe federal income or employment taxes. You've received a notice that your bank account or accounts receivables have been levied, or you received a Notice of Federal Tax Lien has been filed...

If you paid a lot of medical expenses during the year, you may be entitled to a reduction in your federal income tax liability. This article will outline when you can deduct medical expenses on...

Independent contractors can deduct their business expenses from the amount of income tax they owe. In order for an expense to qualify as a business expense, it must be directly related to the...

If you use your vehicle in business and your employer reimburses you for all or part of your vehicle expenses, the tax treatment of the reimbursement depends on whether you are reimbursed through...

The Hope tax credit is a tax credit designed to assist in the cost of higher education. Pursuant to the applicable regulations, the Hope tax credit may be claimed by certain individuals for...

What could be worse than a visit to the dentist? How about determining which of your dental expenses qualify as a deduction on your personal taxes? A step-by-step approach will help you not only...

If you use your car exclusively for business or work, you may claim tax relief for all related expenses. If you only use your car part-time for work, and part-time for personal use, you may still...

Business owners and operators incur a number of expenses related to the running of their businesses. Many of these expenses are tax-deductible. Taking advantage of the full range of available...

Medical expenses, even for those with good health insurance, can add up over the course of a year. U.S. Federal tax law allows you to deduct certain medical expenses, which lowers your tax bill. ...

If you have moved because of a job, either because you started a new job or were relocated in your current job, you can most likely deduct all of your moving expenses from your taxes during that...

Changing jobs is never easy. There are so many steps to take, such as preparing a professional resume, finding potential jobs, traveling to the interviews and losing time from your current job to...

Investment expenses are defined as any expense required for the production and collection of investment income or the management, conservation or maintenance of investment property. While...

Although you may be aware of the tax credits that are available to you as the parent of a dependent student, chances are you probably don’t know that you can receive a tax deduction even if...

Every teacher spends out of pocket money to equip their classroom or supplies, sometimes spending thousands of dollars a year. Some of these expenses can be deducted on your taxes and could save...

You do not have to be in your own business in order to take a deduction for work related tools. If your employer requires you to have certain tools and or licenses, which you must pay for...