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Changes to Itemized Deduction for 2014 Medical Expenses If you itemize your deductions on Form 1040, Schedule A, new rules may affect your medical expense deduction. The new rules raise the threshold that unreimbursed medical and dental expenses you paid for yourself,...read more
EITC Home Page--It’s easier than ever to find out if you qualify for EITC Versión Español EITC, the Earned Income Tax Credit, sometimes called EIC is a tax credit to help you keep more of what you earned. To qualify, you must meet certain requirements and file a tax...read more
Ten Things to Know About the Child and Dependent Care Credit IRS Tax Tip 2011-46, March 7. 2011 If you paid someone to care for your child, spouse, or dependent last year, you may be able to claim the Child and Dependent Care Credit on your federal income tax return....read more
Topic 506 - Charitable Contributions Charitable contributions are only deductible if you itemize deductions on Form 1040, Schedule A (PDF).To be deductible, you must make charitable contributions to qualified organizations. Payments to individuals are never...read more