Solutions to Make Better Decisions with Your Money

How to Maximize Tax Deductions and Credits

How to Maximize Tax Deductions and Credits - TaxACT Blog

Paying income taxes is the civic duty of all Americans, with the money helping to pay for national defense, highways, schools and police departments, among other things. While we’re happy to pay our fair share, no one wants to pay too much income tax. That’s where tax deductions and credits come into play. U.S. Congress […]

How to Maximize Your Tax Deduction for Charitable Contributions

How to Maximize Your Tax Deduction for Charitable Contributions - TaxACT Blog

If you itemize deductions on your income tax return, the IRS allows you to write off the cash value of any contributions or donations that you make to tax-exempt organizations. This is an excellent way to lower your taxable income while giving back to your community or supporting an organization that shares your values. Examples […]

6 Little-Known Ways to Pay Fewer Taxes

6 Little-Known Ways to Pay Fewer Taxes - TaxACT

You probably keep track of your itemized deductions, including mortgage interest and charity deductions. You may get a credit for childcare expenses, or take advantage of any of a number of common tax breaks. The tax code is complex, and there’s bound to be something that can lower your tax bill. What could you be […]

5 Tips for Filing Your Taxes for the First Time

What are the top 5 first time filing tips

Are you filing your taxes for the first time? Are you feeling a bit overwhelmed about the whole process? Filing a tax return for the first time can be intimidating. Here are 5 tips to help you through the process. 1. Determine if you need to file Three things must be considered when determining whether […]