Tags » Itemized Deduction

Real Talk Series: Do My Cancer Treatments Affect My Taxes?

Q: I was diagnosed cancer with this year, and am currently receiving treatments. Will this have any affect on my tax situation?

A: I am sorry to hear about your diagnosis, but hopefully this information will help you. 315 more words

Tax Deductions And Credits

Medical & Dental Expenses


For purposes of itemizing your deductions, the Internal Revenue Service (IRS) defines medical expenses as the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body.  187 more words


Unreimbursed Employee Business Expenses

Did you purchase goods or services to aid the business that you worked for during the year? If so, did your employer reimburse you for this out-of-pocket expense?  567 more words


No need to itemize to claim these deductions

Are you part of the approximately 68% of taxpayers who IRS statistics say claim the standard deduction instead of itemizing? If so, you can still deduct some expenses on your 2015 federal income tax return. 238 more words

Deciding Whether to Itemize Deductions or Use the Standard Deduction?

Most people claim the standard deduction when they file their federal tax return, but you may be able to lower your tax bill if you itemize. 541 more words


Tax Tips for Your New Baby

“Congratulations! You’ve entered a new and exciting chapter in life: parenthood.

This bundle of joy means diaper changes, late-night feedings, and more love than you ever thought possible. 311 more words

New Fathers