A flexible spending account, or FSA, is a pre-tax expense account that many employers offer for employees' benefit. These bills allow you to pay necessary expenses without paying...
In filing your federal tax return, you can decide to go through the itemized deduction channel or standard deduction method. Standard deduction involves some values defined by Uncle...
If you are one of those persons who supported your parents financially in the previous year, the U.S government is willing to share the cost by providing certain deductions when you...
The medical expense deduction is large enough to cover pregnancy tests, braille books, and smoking cessation programs. However, it doesn't cover everything you pay to stay healthy....
It’s common for women in their sixties to feel insecure financially as they approach retirement. It’s stressful enough to plan for retirement, facing additional challenges...
The amount paid within the year for medical expenses involving health insurance premiums tender’s generous potential deductions and cuts during the tax period.Obtaining specific...
You have to know about the kiddie tax in order to make it suitable for the children in future to manage their expenses. It is about starting on time and then you can make a good future...
Posted by Jakusovas & Company on 08/30/2018
For many individuals, tax time can be frustrating. Changes to the tax code can often mean that last year’s deductions might not apply anymore or you no longer qualify. Working with...
Tax refund time can be a way to pay for that big splurge, pay down debt or even increase your savings. However, many taxpayers may be surprised by the size of their refund. If you...