If you have been wondering if preschool fees are tax deductible, the good news is that they are in certain circumstances. If you can qualify for the Child and Dependent Care Credit, you will ...
http://finance.zacks.com/can-claim-expenses-preschool-tax-deduction-8813.html
You can take a tax deduction for the “diagnosis, cure, mitigation, treatment, or prevention of disease, and for the purpose of affecting any part or function of the body," according to the ...
http://finance.zacks.com/can-deduct-therapy-income-taxes-4444.html
A 6,000 pound vehicle can qualify for valuable tax deduction opportunities through Section 179 of the federal tax code. Understanding how these deductions can be claimed is absolutely indispe...
http://finance.zacks.com/6000pound-vehicle-tax-deduction-3484.html
If you're married with two incomes you meet the two income marriage definition for taxes. You may pay less income tax by choosing married filing jointly instead of married filing separately. ...
http://finance.zacks.com/advantages-filing-taxes-married-two-incomes-4687.html
A 403(b) is a type of retirement account offered by nonprofits and educational institutions. You generally contribute to a 403(b) account using pretax dollars. Make sure you understand the 40...
http://finance.zacks.com/403b-pretax-posttax-deduction-7138.html
Capital gains and AMT can easily interact because capital gains increase your income and the AMT is aimed at taxpayers with higher incomes. You can "harvest" or adjust your capital gains, how...
http://finance.zacks.com/adjust-capital-gains-alternative-minimum-tax-11322.html
After-school programs and after-school care count toward the child care and dependent tax credit. Parents must meet certain guidelines for qualifying children and eligible expenses. The total cre...
http://finance.zacks.com/afterschool-programs-count-toward-childcare-tax-credit-2403.html
A trust can be an excellent tool for safely stowing assets that can mature in value for the future benefit of the trust's beneficiary.
http://finance.zacks.com/income-tax-trust-disbursements-9622.html
You report a wash sale on Schedule D after you complete Form 8949. A wash sale occurs when you sell a stock at a loss then purchase the same or substantially similar investment within 30 days...
http://finance.zacks.com/report-wash-sale-schedule-d-4974.html
A 529 education savings plan is a qualified tuition program that offers tax benefits to investors. Withdrawals, called distributions, are not subject to federal income tax if the plan owner t...
http://finance.zacks.com/distribution-529-plan-reported-2286.html
In order to write off your homeowners insurance deductible, your property must have been damaged in a federally identified disaster zone. At this point, you can use a few simple steps to calc...
http://finance.zacks.com/can-write-off-homeowners-insurance-deductible-claim-8895.html
The Social Security tax limit applies to six-figure earners, who only pay Social Security tax up to a certain amount. This amount can change from one year to the next. For married couples fil...
http://finance.zacks.com/cap-paying-social-security-taxes-joint-return-8329.html
A specific percentage of each paycheck you receive will be channeled to taxes and social programs such as Medicare and Social Security. Understanding how these funds are allocated and what percen...
http://finance.zacks.com/percentage-federal-taxes-medicare-deducted-out-gross-pay-3124.html
Although the 2017 Tax Cuts and Jobs Act eliminated a number of deduction opportunities, a variety of tax write offs are still available to tax payers. Identifying these deductions and exempti...
http://finance.zacks.com/expenses-can-write-off-taxes-3515.html
If your business is making a change in accounting method, you generally must file IRS Form 3115. Some of these changes involve whether you book expenses and revenue when paid or when incurred...
http://finance.zacks.com/changing-accounting-methods-irs-form-3115-10078.html
Although you can no longer take advantage of IRS domestic partner deductions, you can still claim a dependent credit if your domestic partner matches the specific requirements established by ...
http://finance.zacks.com/can-domestic-partners-insurance-benefits-claimed-taxes-11188.html
Mello-Roos is a tax added on to properties in certain areas of California. With property in such demand, homebuyers may find themselves unable to negotiate their way out of paying this tax. B...
Stock swap taxation relies solely on whether you sell the stock that was swapped or not. If your company merged with another and you received higher-value stocks in exchange for the ones you had,...
http://finance.zacks.com/tax-stocks-exchanged-through-merger-acquisition-11818.html
Although you may have accrued a variety of service fees during your investing, these expenses will not be deductible through Form 1040 Schedule D unless you have gained Trader Tax Status. The 201...
http://finance.zacks.com/report-service-fee-1040-schedule-d-form-4818.html
New Jersey disability payments and unemployment insurance benefits are not taxable by the state. Social Security disability benefits may be taxable, depending on whether the recipient received ot...
http://finance.zacks.com/disability-income-taxable-new-jersey-8193.html