How the Internal Revenue Service defines and calculates different types of income affects the taxes you owe. Modified adjusted gross income (MAGI) is one of them. MAGI also decides...
Military members enjoy many tax benefits, including one-time tax deductions, combat pay exclusions, and extended time limits. Read on to find information on various military-specific...
The U.S tax system experienced a huge change under the Tax Cut and Jobs Act. Under the new law, one of the biggest changes is the elimination of the deduction unreimbursed employee...
The tax law affords a few exceptional advantages for energetic members of the U.S. Armed Forces and certain blessings for individuals serving in combat zones. For greater armed forces...
Deducting employee car expenses can present substantial savings, but watch out if you do not have proper book-keeping measures in order. Recouping some of these expenses are...