Entries from 2021-11-16 to 1 day

Medical expense deductions & the new 10% expense threshold

There is good news this year on the medical front. Medical expenses may be expensive, but uncovered medical expenses are deductible when you itemize your medical deductions, to cut back on the cost. Before you get too excited, along with t…

A Bigger Child Tax Credit: Changes by IRS

One of the largest changes for The Tax Cuts and Jobs Act of 2018 has to do with the changes to the child tax credit. Child tax credits are available for low- and moderate-income families to help offset the costs of children, and for qualif…