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Category: Tax Tip

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From markers to face masks, classroom supplies may be tax deductible.

August 3, 2022

Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful. The educator expense deduction allows eligible teachers...

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ABLE Accounts – Tax Benefit for People with Disabilities

July 25, 2022

The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries)....

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ABLE accounts can help people with disabilities pay for disability-related expenses

July 25, 2022

People with disabilities can use anAchieving a Better Life Experience or ABLE accountto help pay qualified disability-related expenses. This tax-advantaged savings account doesn’t affect...

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File soon; don’t wait for the Oct. 17 extension deadline

July 8, 2022

Taxpayers who missed the April tax deadline can still file electronically using Free File or other free options. They can also limit late-payment penalties...

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Some tax considerations for people who are separating or divorcing

June 16, 2022

When people go through a legal separation or divorce, the change in their relationship status also affects their tax situation. The IRS considers a...

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