Before you file file Federal Tax Return, know about these Five ,most important thing,about deduction of income tax paid to state or local administration
Category: Tax Deductions
7 FAQs on Mortgage Interest Deduction while Computing Taxable Income
Do you know if you are eligible for tax deduction related to mortgage interest you paid? Seven answers to most important questions reltaed to tax deduction of home loan interest
Student Loan Tax Deduction Simplified
Section 221 of Internal Revenue Code deals with tax deduction on student loan interest to a taxpayer if certain conditions…
2019 & 2018 Standard Deduction
Here is the newly announced standard deduction for tax year 2019 and 2018 table
Mortgage Interest Deduction : 7 FAQs
The mortgage interest is one of the most commonly utilized tax breaks under Internal Revenue Code by an Individual. In…
Pease Limitation Calculator
Pease Limitation calculator is here to make the life of taxpayers easy ! As you know the Pease limitation was…
Is Charitable Contributions Allowed on Schedule C ?
Can You Deduct Charitable Contributions on Schedule C Business? is one of the most often asked question by people involved…
When Itemized Deduction is Better Than Standard Deduction ?
There are two ways an Individual can claim deductions under Internal Revenue Code while filing tax return- either by claiming…
5 Clear Tax Benefits of Marriage Under US Tax Law
Marriage are made in heaven , they say. Yea, but certain tax benefits are available only in US under Internal…
10 Job Related Deductions Under IRC ,Every Employee Must Know About!
Internal Revenue Code allows workers and employees certain deductions that are nencessry for carrying out jobs assigned to them .In…
Getting Home Improvements Costs as Medical Expense Deduction !
If you or your spouse of specified dependents are facing medical challenege on account of aging or any disese or…
