Tax Law

Certain home projects may make you eligible for a home improvement tax credit. This gives you the opportunity to save money while improving the value and function of your home. Here's how you can...

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...

It should be noted that only about 1 in every 150 personal tax returns actually gets audited. However, there are certain "red flags" that stick out to the IRS. Just because you are getting...

It is possible to write some taxes off, but you must have documentation. In addition, you need to determine if it is the best option for you.

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...

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...

There are times when you can deduct the cost of purchasing professional literature from your taxes. You must be able to document and justify the purchase, but it can be done. You don't have to be...

If you are serious about being able to deduct professional association dues and fees from your taxes, you must be organized. The deduction is not only for business owners. Employees are able to...

Any worthwhile accountant knows how to maximize your tax deductions. One of the available tax deductions is the ability to deduct professional seminars. There are a few things you need to do...

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...

There's something about being asked to defend your tax deductions that strikes fear into the hearts of taxpayers. Defending deductions to the IRS doesn't have to be impossible or scary. Consider a...