Can You Deduct Your Expenses From a Hobby?
The itemized deduction for hobby expenses is completely eliminated under the Tax Cuts and Jobs Act.
Tax Free Investment Income
Learn about the tax advantages of buying municipal and other government bonds.
Lending Money to Family Members
If you lend money to your Uncle Joe and he never pays it back, can you get a tax ded
Bunching Tax Deductions to Meet the Threshold for Itemizing
If you don't meet the threshold for itemizing, consider these strategies for timing expenses to increase your deductions.
How to Pay Zero Taxes
You've probably heard about the famed 47% of Americans who pay no income taxes at all. How do you join this club? There are several ways.
Deduct Your Investment Expenses
For tax purposes, investing means earning money through activities that make money but are not businesses--for example, purchasing stocks or real estate or earning interest on savings accounts.
Above-the-Line Deductions You Can Take Without Itemizing
There are many personal tax deductions you can take only if you itemize your deductions. This requires you to list the amount of each deduction on IRS Schedule A and file it with your tax return.
Harvesting Capital Losses
If you own investments such as stock and other securities, real estate, or a business, you have capital assets.
How to Minimize Taxes On Your Mutual Fund Earnings
Mutual funds are some of the most popular investments around, yet many people have little idea of how their profits and earnings will be taxed—and thus how to avoid certain tax traps.
Miscellaneous Itemized Deductions: No Longer Deductible
When many people think of itemized deductions, they only consider the big three: the deductions for home mortgage interest, state and local income and property taxes, and charitable contributio
The Tax Cuts and Jobs Act changes the rules about deducting certain subscriptions.
The Earned Income Tax Credit: A Valuable Credit for Low Income Earners
The Earned Income Tax Credit (EITC) is money the federal government provides to low income working people to help them make ends meet.