Managing Taxable Capital Gains Investments
With the new tax rates in effect since the beginning of 2013, wealthier investors should take a fresh look at their investment strategies with an eye towards mitigating capital gains taxes to the...
View ArticleHow to Report Gambling Winnings and Losses for Taxes
Deduct Gambling Losses Against Winnings With various forms of casinos and gambling venues widespread across the country, the gambling tax is no longer for only the Las Vegas crowd. Mainstream people...
View ArticleMedical Expenses
Medical and Dental Expense Tax Deductions If you itemize your deductions on Schedule A of Form 1040, you may be able to deduct expenses you paid that year for medical care (including dental) for...
View ArticleDeductions for Homeowners
There are many tax benefits to home ownership, the most well known deduction being the mortgage interest deduction. Mortgage Interest Home mortgage interest on up to $1 million ($500,000 if married...
View ArticleTax Benefits For Education Expenses
College Education Expenses? Look at the following four education tax benefits: (1) The American Opportunity Tax Credit (AOC) The AOC is larger in scope than the old Hope Credit and is now the prime...
View Article
