How summer day camp can save you taxes

How summer day camp can save you taxes

Although the kids might still be in school for a few more weeks, summer day camp is rapidly approaching for many families. Did you know that sending your child to day camp might make you eligible for a tax credit? The power of tax credits Day camp (but not overnight...
Filing for an extension isn’t without perils

Filing for an extension isn’t without perils

The federal income tax filing deadline is slightly later than usual this year—April 18—but it’s now nearly upon us. So, if you haven’t filed your return yet, you may be thinking about an extension. Extension deadlines Filing for an extension allows you to delay filing...

Tips for deducting losses from a disaster, fire or theft

If you suffer damage to your home or personal property, you may be able to deduct these “casualty” losses on your federal income tax return. A casualty is a sudden, unexpected or unusual event, such as a natural disaster (hurricane, tornado, flood, earthquake, etc.),...