Tax Deductions & Credits Blog Archives

What to Know About Changes to Child Tax Credits for 2024

November 7th, 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

June 29th, 2024

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

June 10th, 2024

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?

March 7th, 2023

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

June 29th, 2022

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?

April 21st, 2022

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?

October 23rd, 2021

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

Ohio Tax Break for Teachers and Parents

October 4th, 2021

Prior to the pandemic, the school year was ushered in by parents stocking up on the school supplies their children would need for the year and teachers asking parents to contribute items for the classroom. Despite donations of everything from glue st… Read More

Child Tax Credit 2021 for Ohio Families

August 18th, 2021

You may have heard on the news recently that federal child tax credit 2021 payments will soon be going out to Ohio families and families across the country. Learn what’s new about the child tax credit 2021, how to find out whether you qualify for t… Read More

Is there a COVID-19 Medical Expense Deduction?

May 28th, 2021

Congress implemented changes to help Americans facing substantial medical costs related to the coronavirus (COVID-19). The biggest initial change was requiring testing and vaccinations for COVID-19 to be free for everyone and covered by health insura… Read More

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