Are You Eligible for Summer Camp and Daycare Tax Credits?

By Top Tax Staff

Daycare and summer camp are two of the main drivers of spending on children under the age of 13 in the United States. According to the American Camp Association, there are more than 14,000 day camps and overnight camps in the U.S., with over 14 million kids and adults attending at their last count in 2013. Over 5 million children under the age of five are in some form of childcare.

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How Does Tax Abatement Work?

By Top Tax Staff

Buying a piece of property is a decision that most residential and commercial buyers do not take lightly. They want to make sure they will get their money’s worth out of the property in which they invest. 

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Changes to Itemized Deductions for Filing Your 2018 Taxes

By Top Tax Staff

People who claim the standard deduction typically do not have to concern themselves with the newest tax codes. However, when you plan on itemizing your deductions this tax season, you should review the latest tax code changes so you know how they will affect your return. Before you file your taxes, you will need to know how the changes made with the Tax Cuts and Job Act will impact the deductions you plan to make on your upcoming taxes. 

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The Complete Guide to Small Business Taxes

By Top Tax Staff

For business owners everywhere, the end of the year means that it is time to get ready to file their businesses’ tax returns. Rather than wait until the last possible minute, you can get ready now for tax filing season with some common sense advance planning. These strategies could help you maximize your deductions, lower your taxable income, and possibly increase the amount of your tax refund. 

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New 2019 Income Tax Brackets and Rates

By Top Tax Staff

Tax codes are subject to change with each passing year. For the upcoming 2018 tax year, the changes can significantly impact the way you file your return. Before you file, you may want to learn more about the new IRS tax brackets and how the tax code changes could affect what deductions you plan to take when you file your taxes. 

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Easing Your Tax Burden by Deducting Summer Camp Expenses

By Top Tax Staff

Sending your children to day camp or summer camp can be an expensive endeavor. Even so, you may believe you have no other option for child care if you are working or going to school full-time or on the lookout for new employment. 

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The Nine Most Overlooked Tax Deductions You Should Know

By Top Tax Staff

Tax deductions reduce the amount of taxes you owe to the IRS and ease the financial burden you face when you file your returns each year. However, some of the most lucrative eligible deductions are overlooked simply because most taxpayers do not know about them. You could lower your tax obligation and even get a refund by claiming these deductions if you are eligible for them. 

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Cleaning Up a Tax Mess Before You Have to File

By Top Tax Staff

Preparing to Prepare – Get Ready to File Your Taxes

Get ready for Tuesday, April 17, this year’s deadline for filing federal taxes with the Internal Revenue Service (IRS). The preparation required to put together your return can be a headache and a chore. You’ll spend time getting receipts in order and collecting tax paperwork received in the mail. Making sure you have everything needed to sit down and prepare your taxes or hand them to a professional is often just as much work as preparing the tax return. Here are some tips for getting ready to file your taxes.

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How Could Your Taxes Change this Year?

By Top Tax Staff

Each tax season brings changes about which you may have questions and concerns. You wonder if these new rules will cause you to owe more money or get a bigger refund. 

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Are There Tax Breaks for Disaster Victims?

By Top Tax Staff

The damage inflicted by natural disasters can be far reaching and last for weeks or months. While you scramble to rebuild your normal life, you still must worry about handling routine tasks like filing your taxes. 

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