Deductions

Reduce your taxable income by claiming the available deductions to you. Updates to the itemized deduction thresholds, amounts, eligibility requirements; and standard deduction increase.

  • Idaho Property Tax Reduction

    Idaho Property Tax Reduction

    The state of Idaho is waiting on data from local taxing districts before it can start calculating property tax savings.…

  • Montana Personal Deductions and Credits

    Montana Personal Deductions and Credits

    Montana is a taxpayer-friendly state with low sales and property taxes. However, its income tax rate is fairly high. To…

  • Tax Consequences of Buying vs. Renting a Home

    Tax Consequences of Buying vs. Renting a Home

    Renting has its benefits, including less hassle, the flexibility to move when your lease ends, and lower upfront costs. But…

  • IRS Tax Forgiveness Program

    IRS Tax Forgiveness Program

    An IRS tax forgiveness program can help taxpayers manage their back tax debt. These include installment agreements, offers in compromise,…

  • Tuition and Fees Deduction

    Tuition and Fees Deduction 2023 - 2024

    The tuition and fees deduction allowed taxpayers to subtract up to $4000 of education-related expenses from their federal taxes. This…

  • Mortgage Interest Deduction

    Mortgage Interest Deduction

    The mortgage interest deduction is a tax break that allows households to deduct a limited amount of their home mortgage…

  • Foreign Earned Income Exclusion

    Foreign Earned Income Exclusion

    The Foreign Earned Income Exclusion (FEIE) is designed to help taxpayers who live and work abroad avoid double taxation and…

  • Rental Property Tax Deductions

    Rental Property Tax Deductions

    The taxation of rental property can be a complicated process. It’s easy to miss out on valuable deductions with changing…

  • Tax Deductions For Small Businesses

    Tax Deductions For Small Businesses

    A small business is a privately owned company that sells goods or services and employs less than a certain number…

  • 179D Deduction

    179D Deduction

    The 179D Deduction is a powerful tool that can save a company significant amounts of money in the long run.…

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