Expenses Deductions Archives - Page 8 of 14 - FREE Yourself from IRS Problems

Shamsey Oloko August 8, 2016 Education Tax Credit, Expenses Deductions, Qualified Education Expenses, Qualified Expenses, Student Loans 0

Tax Benefits For Education Part 3

This is the third part of our multi-part series of blogs on tax benefits for education. Any present or former student should utilize the knowledge, experience and expertise of the tax professionals at the Thorgood Law Firm to ensure that…

Shamsey Oloko July 22, 2016 Deductions, Expenses Deductions, Health Expenses, Income, Medical Expenses, Qualified Disability Expenses, Taxable Income 0

Taxes And Medical Expenses

Taxpayers that itemize personal deductions instead of claiming the standard deduction may deduct qualifying medical expenses to the extent that such expenses exceed 10 percent of adjusted gross income (“AGI”). Taxpayers that are 65 years or older, or turned 65 during the tax year,…

Shamsey Oloko June 24, 2016 Deductions, Expenses Deductions, Job Search Expenses, Military, Moving Expenses, Qualified Expenses 0

The Most Overlooked Tax Deductions, Part 1

Many taxpayers overlook the long list of deductions that they may take when completing and filing their tax returns. The IRS has estimated that millions of taxpayers overpay their taxes each year mainly because they fail to avail themselves of…