Category Archives: tax credits

Hobby or Business? Why It Matters.

bigstock-profession-carpentry-woodwor-168294962Millions of Americans have hobbies such as sewing, woodworking, fishing, gardening, stamp and coin collecting, but when that hobby starts to turn a profit, it might just be considered a business by the IRS. Continue reading

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Kids’ Day Camp Expenses May Qualify for a Tax Credit

Four preschool kids playing with the ballDay camps are common during school vacations and the summer months. Many parents enroll their children in a day camp or pay for day care so they can work or look for work. If this applies to you, your costs may qualify for a federal tax credit. Here are 10 things to know about the Child and Dependent Care Credit: Continue reading

Tax Changes for 2017: A Checklist

Order Checklist criteria Clipboard Questionnaire Form ListWelcome, 2017! As the New Year rolls around, it’s always a sure bet that there will be changes to current tax law and 2017 is no different. From health savings accounts to tax rate schedules and standard deductions, here’s a checklist of tax changes from your accountant to help you plan the year ahead. Continue reading

Tax Brackets, Deductions, and Exemptions for 2017

Pig Tax Financial Advisor Intelligence deduction Finance BizarreMore than 50 tax provisions, including the tax rate schedules and other tax changes are adjusted for inflation in 2017. Let’s take a look at the ones most likely to affect taxpayers like you. Continue reading

Tips for Taxpayers about Charity Travel Expenses

Volunteers smiling at camera holding donations boxes in a large warehouseDo you plan to donate your time to charity this year? If travel is part of your charitable giving, for example, driving your personal vehicle to collect donations from local businesses, you may be able to claim these travel expenses on your tax return and lower your tax bill. Here are five tax tips you should know if you travel while giving your services to charity. Continue reading