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Category: Tax Deductions and Credits (page 2 of 2)

What are Tuition and Fees Tax Deductions?

Home » Tax Law » Tax Deductions & Credits » Tuition and Fees Tax Deduction

You may deduct up to $3,000 of qualifying higher education tuition and fees as long

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What are Job Related & Entertainment Expenses Deductions?

Home » Tax Law » Tax Deductions & Credits » Job Related & Entertainment Expenses Deduction

You can deduct certain miscellaneous job expenses, such as employee travel and entertainment expenses,

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What is the Welfare-to-Work Tax Credit?

Home » Tax Law » Tax Deductions & Credits » Welfare-to-Work Tax Credit

The Welfare-to-Work Tax Credit is a federal income tax credit that encourages employers to hire long-term family

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What is the Adoption Credit?

Home » Tax Law » Tax Deductions & Credits » Adoption Credit

You may be able to receive an adoption credit of up to $10,160for the costs of adopting a

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What is the Work Opportunity Tax Credit?

Home » Tax Law » Tax Deductions & Credits » Work Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) is a federal tax credit that encourages employers to hire

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What are Alimony and Child Support Deductions?

Home » Tax Law » Tax Deductions & Credits » Alimony and Child Support Deductions

Tax arrangements are generally made in a divorce settlement. In general, the spouse paying the

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Are Moving Expenses Deductible?

Home » Tax Law » Tax Deductions & Credits » Are Moving Expenses Deductible?

If you moved because of a change in your job location or because you started a

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What is a Car Donation Deduction?

Home » Tax Law » Tax Deductions & Credits » Car Donation Deduction

The IRS advises that taxpayers contemplating car donations ask many questions and carefully consider just how much

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What are Charitable and Political Contributions?

Home » Tax Law » Tax Deductions & Credits » Charitable and Political Contributions

Charitable deductions are only deductible as itemized deductions (thus, you are not eligible if you take

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What are the Child and Dependent Care Credits?

Home » Tax Law » Tax Deductions & Credits » Child and Dependent Care Credit

If you hire someone to take care of your child or dependent while you are

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