Federal Standard Deduction

Standard deduction amount for the next filing year. Along with it, see if you qualify for any above-the-line deductions that you can still claim with the standard deduction.

Idaho State Tax Credits and Deductions

Idaho offers a range of tax credits and deductions designed to help residents reduce their tax liabilities while promoting economic…
IRS Standard Mileage Calculator

When it comes to tax deductions for business-related vehicle expenses, the Internal Revenue Service (IRS) offers a standard mileage rate…
Section 199A Deduction

The Tax Cuts and Jobs Act of 2017 enacted several complex provisions, credits, and deductions that many financial and tax…
Standard Deduction Every Filing Status

The Internal Revenue Service recently announced the standard deduction that’s going to be effective for the tax year, which you’ll…
Qualified Education Expenses

College is a big investment in both money and time. But it pays off. Studies have linked higher education with…
Educator Expense Deduction

As students head back to school, teachers are dipping into their pockets for classroom supplies. They may also be shelling…
Tax-deductible Expenses: What Are They?

Tax season can be a daunting time for individuals and businesses alike, with the complexities of the tax code often…
Above-the-line Deductions

Above-the-line deductions, also known as adjustments to income, can be taken from gross income to arrive at the adjusted gross…
How to Reduce Taxes? A Mini Guide to Tax Reduction

Tax reduction refers to a decrease in the amount of taxes owed by an individual or entity. This can be…
Tax Tips for Interior Designers and Architects

Managing your finances and taxes can be challenging as an interior designer or architect. This article will discuss several tax…