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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Personal Finance : Tax Information
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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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Do You Depreciate or Deplete Oil Royalties for Taxes?
Maximize your oil royalty income by mastering the IRS depletion allowance rules....
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Do You Have to Pay Taxes on Interest From Personal or Family Loans?
Lending money to friends or family? Learn when interest on personal loans is taxable and how to avoid the IRS treating it as a gift....
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Form 1040A Explained: Who Qualified and How It Functioned
IRS Form 1040A was once a go-to tax return for simple finances. Here's what it included, how it was used, and why it no longer exists....
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How to Avoid Paying High Capital Gains Tax on Rental Property Sales?
Selling a rental property can trigger hefty capital gains taxes. Here's how to cut your tax bill with smart timing, exemptions and reinvestment strategies....
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