It’s back to school season, which is also a good time to remind teachers, principals, and other educators about the educator expense deduction which they may be eligible for. If you are an educator, you may be able to deduct up to $300 of out-of-pocket classroom expenses for 2023 when you file your federal income […]
Read more...Month: September 2023
Tax Considerations Related to Separation and Divorce
Separation and divorce are never easy for the couples involved. In addition to all the personal issues at play, separation and divorce can impact the former couple’s tax situation as well. Am I married for tax purposes? The IRS considers a couple married for tax filing purposes until they get a final decree of divorce […]
Read more...Tax Deductions for Homeowners
The summer is prime time for buying or selling a house. If you purchased a home this year, here are a few tax deductions and programs that you might be eligible for. Deductible house-related expenses Most people take out a mortgage to buy their home and then make monthly payments to the lender. This mortgage […]
Read more...