The U.S. tax code is infamous for its complexity, and when it comes to figuring out what can be deducted from taxes, reading through the legalese in the code can make anyone’s eyes cross. Still, it’s worth the effort. Deductible expenses are subtracted from the total income you report to the IRS, so the more
There are plenty of tax deductions Americans can take advantage of, at least until a tax-reform bill passes. Many of these are quite lucrative. Just to name a few examples, the mortgage-interest deduction, charitable-contributions deduction, and state and local tax deduction are worth thousands of dollars each to many taxpayers. However, there is one tax
As the end of 2017 draws near, here are five tax tasks you may consider completing before 2018 in order to reduce your taxable income come spring. 1. Give BackMost people end up donating to at least one charitable cause around the holidays. It’s one potential way to offset taxes while contributing to a greater
When it comes to getting a home loan, we all know the drill, right? Meetings and phone calls with a loan officer, lots of waiting and piles of paper. Getting pre-qualified before you head out to look at homes can help reduce hassles and get the home buying process started on the right path, says
Tax-time swindles range from high-tech identity theft to tried-and-true con jobs. Here’s how to help protect yourself and your personal information.
Welcome to The Money Drill! This is the podcast where we make money matters understandable so you can command your own financial future. There are many things to consider when transitioning out of the military, but doing the math on your income and benefits is probably one of the biggest. USAA’s Ingrid Bruns knows this