Knowledge Base
The deductions and credits that matter most for high earners — healthcare, charitable giving, education, and the tax tools that keep more of your money working for you.
58 articles in this category — page 4 of 5
Your treadmill’s $2,000 price tag might actually save you money come tax season – but only if you know the rules. The world of tax deductions can be as complex as a high-intensity interval workout, leaving many of us breathless and confused. But fear not! We’re about to embark on a journey through the ins […]
From boosting your tax refund to decluttering your home, knowing the ins and outs of charitable donation deductions could put hundreds or even thousands of dollars back in your pocket come tax season. It’s a win-win situation that not only helps you organize your living space but also supports worthy causes. However, navigating the world […]
Most Americans don’t realize they could be missing out on valuable tax breaks by mishandling their supplemental insurance premiums. It’s a common oversight that can leave hard-earned dollars on the table come tax season. But fear not! We’re about to dive into the world of Aflac premiums and tax deductions, unraveling the mysteries that surround […]
Before you hit “send” on that well-intentioned Venmo donation to your favorite cause, you might want to know whether Uncle Sam will give you a tax break for your generosity. In today’s digital age, the act of giving has evolved. Gone are the days when charitable donations were limited to dropping coins in a collection […]
Many retirees and savvy taxpayers are surprised to learn that one of their most valuable memberships might not offer the tax advantages they’d expected — but that doesn’t mean there aren’t hidden financial benefits worth exploring. The American Association of Retired Persons, better known as AARP, is a household name for those aged 50 and […]
That designer suit you splurged on for the office might not be the tax write-off you were hoping for, but your essential work gear could save you serious money come tax season. It’s a common misconception that all work-related clothing expenses are tax-deductible. In reality, the rules surrounding work clothes and tax deductions are more […]
Money-savvy beachgoers and outdoor workers might be surprised to learn they could recoup some of their skin protection costs through savvy tax planning. While the idea of claiming sunscreen on your tax return might seem far-fetched, there are actually several scenarios where this essential sun protection product could potentially be tax-deductible. Let’s dive into the […]
Your hard-earned money could be slipping through your fingers if you’re not maximizing the tax benefits of your commission-based income. In the complex world of taxes, understanding how to navigate the intricacies of commission fees and their potential deductions can make a significant difference in your financial bottom line. Whether you’re a real estate agent, […]
Many New Jersey residents are unknowingly leaving thousands of dollars on the table each year by missing out on crucial tax benefits available to renters. It’s a common misconception that only homeowners can reap the rewards of property-related tax deductions. However, the Garden State offers several unique opportunities for tenants to lighten their tax burden, […]
Packing up your life and heading to a new home can have surprising implications for your wallet – especially when tax season rolls around. Moving is often a mix of excitement and stress, with countless details to manage and expenses to track. But amidst the chaos of cardboard boxes and packing tape, it’s crucial to […]
Many congregants are surprised to learn that their annual dues to their house of worship might significantly lower their tax bill, but navigating the IRS guidelines can be trickier than reading ancient scripture. For those who regularly attend synagogue, understanding the tax implications of their financial contributions can be a game-changer come tax season. Let’s […]
Supporting your favorite radio programs while lowering your tax bill might sound too good to be true, but that’s exactly what happens when you donate to public broadcasting. National Public Radio (NPR) has been a cornerstone of American media for decades, providing in-depth news coverage, thought-provoking discussions, and cultural programming that enriches our daily lives. […]