10 Common Misconceptions About Tax Deductions

10 Common Misconceptions About Tax Deductions

Tax deductions are often misunderstood, leading to missed opportunities or, worse, costly mistakes on tax returns. Let’s clear up some of the most common misconceptions that could be affecting your tax strategy.   “Working from Home Automatically...
The tax deductibility of tuition

The tax deductibility of tuition

It’s no secret that going to college is a serious expense and although the tax deduction for college tuition and fees ended on December 31, 2020, there are still possible tax breaks available for some, including the American Opportunity Tax Credit (AOTC) and the...