Tax Tips

Get Credit for Retirement Savings Contributions
 

Get Credit for Retirement Savings Contributions

Posted: March 29, 2017
Taxpayers who contribute to a retirement plan, like a 401(k) or an IRA, may be able to claim the Saver’s Credit. This credit can help a person save for retirement and reduce taxes at the same time.


10 Adoption Tax Credit Facts to Consider
 

10 Adoption Tax Credit Facts to Consider

Posted: March 22, 2017
Taxpayers who have adopted or tried to adopt a child in 2016 may qualify for a tax credit. Here are ten important things about the adoption credit.

Know These Facts Before Deducting a Charitable Donation
 

Know These Facts Before Deducting a Charitable Donation

Posted: March 20, 2017
If taxpayers gave money or goods to a charity in 2016, they may be able to claim a deduction on their federal tax return. Taxpayers can use the Interactive Tax Assistant tool, Can I Deduct my Charitable Contributions?, to help determine if their charitable contributions are deductible.


Check Out Tax Benefits for Higher Education
 

Check Out Tax Benefits for Higher Education

Posted: March 16, 2017
Higher education costs paid in 2016 can mean tax savings when taxpayers file their tax returns. If taxpayers, their spouses or their dependents took post-high school coursework last year, they may be eligible for a tax credit or deduction.

Don’t Miss These Overlooked Tax Deductions
 

Don’t Miss These Overlooked Tax Deductions

Posted: March 16, 2017
Even simple tax deductions can be overlooked. Stay informed about what you can deduct. The following points can help you see what you may be missing.