Ask Ms. Tax
Your questions answered, your concerns addressed and your stress relieved, Have a question for Ms. Tax? Check our articles below and FAQs many other readers have had.
Job Education
Staying abreast of the current trends in your career is important. It can can be costly too! Be rewarded for investing in your career.
Charitable Donations
Give to receive! Charitable donations, whether in cash or in kind, to a qualified organization can net you a tax deduction equal to the amount of cash or the value of the items donated.
Investment Interest
Investing in the market can be a smart way to grow your hard-earned money. But it can also be expensive. However, you may be eligible to deduct the investment fees you paid.
Mortgage Insurance Premiums (MIP)
So you bought a new house and wasn’t able to make that hefty down payment and now the bank would like you to pay mortgage insurance.
Home Mortgage and Points Paid
The biggest purchase many Americans make is their home. And for many, this purchase will involve obtaining a mortgage. Mortgage interest–and the related points paid at closing–can be deducted on your tax return
State and Local Taxes
Did you know that state income taxes are deductible? It’s true! If you paid tax to any state or had state tax withholding, you are able to take a deduction for those amounts on your tax return.
Personal Property Taxes
Did you purchase a car, motorcycle or a boat this year? Guess what? The taxes you paid on those purchases can be deducted on your tax return. Take advantage of this deduction and let your tax professional know about your cool new toy! Don’t have a tax professional?
Real Estate Taxes
If you own your home, chances are you’re paying real estate tax on that property. Up to 100 percent of those taxes can be deducted on your tax return.
Medical Expenses
Do you visit the doctor or dentist? Have prescriptions filled? Get your eyes checked for you or your family members? If you answered yes to any (or all of these questions), you may be eligible to take a deduction for these expenses on your return.