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15 Jan |
The average tax return becomes a bit more complicated when the taxpayer owns a home. Fortunately, this complication usually leads to an overall tax savings. By owning a home the taxpayer is more likely to itemize on Schedule A of Form 1040. There are a few itemized deductions relating to home ownership. The first is […] |
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15 Aug |
The American Opportunity Tax Credit (AOTC) & Lifetime Learning Credit are the two available educational credits for the upcoming tax year. These credits are very useful when it comes to offsetting tax liability and can help to alleviate some of the financial pressure that comes with a higher education. The taxpayer can choose between either […] |
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15 Oct |
Due to the rising costs of traditional energy, solar panels have become quite popular over the past several years. The initial investment can be rather expensive. In order to make solar panels more attractive to the taxpayer, the US Government began offering a Solar Tax Credit. Since 2005, when The Energy Policy Act was […] |
