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Are Health Insurance Premiums Deductible If You Take a Deduction for an HSA?

You can claim tax breaks for both HSAs and health insurance premiums but not for the same expenses. Here is how to maximize each without double-dipping....

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Can Parents & Students Both Claim Tuition Tax Credits?

Wondering who can claim tuition tax credits: you or your parents? Here is how the IRS decides who gets to claim education expenses and how much you can save....

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Can You Deduct Home Equity Loan Interest on Your Taxes?

Interest on a home equity loan is deductible only if the loan proceeds are used for home improvements, and only when the taxpayer itemizes deductions rather than claiming the standard deduction....

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Can You Deduct Forfeited FSA Funds? Here's What Really Happens to Them

Wondering if you can deduct forfeited FSA funds? Learn why unused money is not tax-deductible and what really happens to those dollars....

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Can You Claim Charitable Deductions Without Proof?

For cash donations under $250, you can claim the deduction without a formal receipt, but you'll need to provide some form of bank record. ...

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Donating on Behalf of Someone Else: Who Gets the Tax Benefit?

Donating to charity can lower your tax bill, but only if you follow IRS rules. Here's how charitable contribution deductions work....

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I Thought I Knew LLCs - Then I Started One and Learned a Few Things

Meredith Margrave figured starting an LLC would be simple. It was. But what came after was completely unexpected. From legal myths to tax letdowns, she spills what really surprised her - and what no one tells you until you're in it....

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Can the Self-Employed Deduct HSAs & Health Insurance Costs?

Self-employed with a high-deductible plan? You may deduct HSA contributions and health insurance premiums if you qualify....

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Can I Claim Child College Tuition Deduction on My Taxes if Spouse Pays?

Claiming your college student as a dependent can unlock major tax credits if they meet IRS support and income rules....

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My Home Office Is My Favorite Tax Write-Off

If you???re one of the millions of people who run a business from home, a home office deduction could lead to significant savings come tax season. Meredith gave it a try... and loves it! Find out if you qualify....

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