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How Charitable Contributions Can Lower Your Taxes: The Smart Giving Guide (Part 6)

by Mark Hampton | Dec 7, 2024 | Mark Hampton

Giving to charity is not only a wonderful way to support causes you care about, but it can also provide valuable tax benefits. By understanding how charitable deductions work and following IRS rules for claiming them, you can reduce your taxable income and make the...

Navigating State and Local Tax Deductions (SALT) in the New Tax Landscape (Part 5)

by Mark Hampton | Dec 5, 2024 | Mark Hampton

For taxpayers living in states with high taxes, the state and local tax (SALT) deduction has traditionally provided valuable tax relief. However, changes brought by the Tax Cuts and Jobs Act (TCJA) of 2017 have placed a $10,000 cap on SALT deductions, significantly...

10 Most Overlooked Tax Deductions You Might Qualify For (Part 4)

by Mark Hampton | Dec 2, 2024 | Mark Hampton

Unlocking Education Tax Credits: Are You Leaving Money on the Table? Education can be a costly investment, but the U.S. tax code offers a variety of credits and deductions that can make a big difference. Education tax credits reduce the amount of tax you owe, often...

10 Most Overlooked Tax Deductions You Might Qualify For (Part 3)

by Mark Hampton | Nov 29, 2024 | Mark Hampton

Tax Savings for Remote Workers: How to Deduct Home Office Expenses With remote work becoming the norm for millions of people, many are exploring ways to reduce their tax burden by deducting home office expenses. While the home office deduction can offer valuable tax...

10 Most Overlooked Tax Deductions You Might Qualify For (Part 2)

by Mark Hampton | Nov 27, 2024 | Mark Hampton

Maximizing Your Health Savings Account (HSA) for Tax Savings and Future Healthcare Costs If you’re looking for a smart, tax-advantaged way to save for healthcare costs, a Health Savings Account (HSA) might be just what you need. For those with high-deductible health...

10 Most Overlooked Tax Deductions You Might Qualify For (Part 1)

by Mark Hampton | Nov 24, 2024 | Mark Hampton

Retirement Savings Contributions, The Tax Benefits You Don’t Want to Miss Saving for retirement is one of the most crucial financial goals for nearly every working individual. Not only does it provide security for your future, but it can also offer valuable tax...
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