23 Better Money Habits You Need to Start Doing in 2022
23 Better Money Habits You Need to Start Doing in 2022Working on your finances can be a long process, but taking it one step at a time and developing better money habits can help you get ahold of your finances and start building a better future for yourself.If you struggle with setting money aside for […]
Medical and Dental Expenses Deduction
Medical and Dental Expenses Deduction What is the medical and dental expenses deduction? This deduction allows you to deduct a percentage of your qualified medical and dental expenses. Qualified medical and dental expenses include the cost of diagnosis or treatment to cure, improve or prevent a physical or mental illness or defect. They include costs […]
Other Deductible Expenses Deduction
Other Deductible Expenses Deduction What are other deductible expenses? Some types of expenses, which are listed below, fall into a category known as other deductible expenses. That means you’ll be entering these expenses in the Other Deductible Expenses area of Deductions and Credits, rather than in the Charitable Contributions or Casualties and Thefts topics. Don’t […]
What’s new with the Child Tax Credit?
What’s new with the Child Tax Credit? Child Tax Credit In 2021, The American Rescue Plan expanded the Child Tax Credit—here are the details: The amount for kids under 6 went from $2,000 to $3,600.The amount for kids ages 6-16 went from $2,000 to $3,000.17-year-olds were previously past the cut-off, but are now eligible for […]
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