Frequently asked tax questions related to COVID-19

Frequently asked tax questions related to COVID-19 The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now. My employer closed the office and I’m working from home. Can I deduct…

There still might be time to cut your tax bill with IRAs

There still might be time to cut your tax bill with IRAs If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it.…

Tax credits may help with the high cost of raising children

Tax credits may help with the high cost of raising children If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities and education. Fortunately, there’s a tax…

Congress gives a holiday gift in the form of favorable tax provisions

Congress gives a holiday gift in the form of favorable tax provisions As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that…

Medical expenses: What it takes to qualify for a tax deduction

Medical expenses: What it takes to qualify for a tax deduction As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return but the rules make…

Last-minute tips that may help trim your tax bill

Last-minute tips that may help trim your tax bill If you’re starting to fret about your 2019 tax bill, there’s good news — you may still have time to reduce your liability. Three strategies are available that may help you…