If you paid expenses to adopt an eligible child, you may be able to claim a tax credit of up to $13,360.
Here are six things the IRS wants you to know about the expanded adoption credit.
1. The Affordable Care Act increased the amount of the credit and made it refundab...
Keeping good records after you file your taxes is a good idea, as they will help you with
documentation and substantiation if the IRS selects your return for an audit. Here are five tips from
the IRS about keeping good records.
1. Normally, tax records should be kept fo...
Ten Things to Know About Capital Gains and Losses
Did you know that almost everything you own and use for personal or investment purposes is a
capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a
personal account. When you s...
Donations made to qualified organizations may help red
uce the amount of tax you pay. The IRS has eight essential tips to help ensure your contributions pay off on your tax return.
1. If your goal is a legitimate tax deduction, then you must be giving...
Six Facts for Adoptive Parents
August 5, 2015
Managing Your Tax Records Post Filing
Capital Gains & Losses
Deducting Charitable Contributions
I'm busy working on my blog posts. Watch this space!