» Tax Deductions & Credits

Navigating Tax Deductions for Home Office Expenses

With almost a quarter of American workers working from home, many taxpayers may be eligible for home office deductions. Eligible taxpayers can reduce their taxable income by deducting certain expenses for using part of their home for their business.… Read More

What Are SALT Deduction Limitations

Many Ohio residents may be missing out on substantial savings on their federal taxes through SALT Deductions. The savings are particularly substantial for Ohio residents who own a small business, but anyone with significant property taxes stands to b… Read More

What to Know About the PATH Act

The PATH Act, officially known as the Protecting Americans from Tax Hikes Act of 2015, introduced several crucial changes affecting your taxes today. It not only aimed to curb fraud but also made significant adjustments to popular tax credits and ded… Read More

What to Know About Changes to Child Tax Credits for 2024

As tax season approaches, many hardworking families are looking for ways to make the most of their tax benefits. One crucial area of focus is the Child Tax Credit (CTC), a vital lifeline for parents trying to provide for their children. Over the year… Read More

The Most Overlooked Tax Deductions

Some people may feel a thrill of patriotic duty from filing and paying their taxes, but for most of us, the most satisfying part of the process is realizing that we don’t have to write a big check to the IRS—or that we may even be getting a refun… Read More

Education Credits and Other Tax Benefits for Students

Let’s face it: higher education is expensive—but it can open up a world of opportunities for learners. Having a more educated population also benefits communities, whether students become doctors and lawyers or plumbers and electricians. As we’… Read More

Do I Have to File Taxes if I Don’t Owe?

If you’re like most people, you would probably prefer almost any activity to sitting down and preparing a tax return. Of course, if you expect to owe, you know you need to file taxes. And if you’re expecting a refund, the only way to get it is to… Read More

11 Common Tax Write-Offs

Tax laws exist to accomplish two things: create revenue for the government, and motivate behavior. Everyone understands the revenue generation part, especially when they are writing a check to pay their taxes. But we often don’t think about how tax… Read More

Can I Deduct Home Office Expenses? 

For over two years now, many more people have been working from home than prior to the pandemic. And while some places of business have opened back up, there are still many people who are working remotely. Some are self-employed, some are independent… Read More

Should I Itemize or Take the Standard Deduction?

It’s one of the most common questions for individuals preparing to file their income tax: take the standard deduction or itemize? Up until a few years ago, the answer was clearer for most people. Those with a lot of deductible expenses like mortgag… Read More