Taxes

What Does My Wedding Dress Have to do With My Taxes?

Ah, the picture-perfect wedding dress. The endless hours you spent finding that gown undoubtedly paid off in spades on your big day, culminating in a collection of photos to cherish for years to come — but where is it now? If yours is simply taking up …

Does your wig qualify as a tax write-off?

Medical expenses take many forms. Some, like prescriptions, crutches, and other means of treatment are obvious medical needs. Other deductions, like wigs, might be hiding in plain sight.

Does my wig qualify as a tax write-off?
You can’t w…

Does your wig qualify as a tax write-off?

Medical expenses take many forms. Some, like prescriptions, crutches, and other means of treatment are obvious medical needs. Other deductions, like wigs, might be hiding in plain sight.

Does my wig qualify as a tax write-off?
You can’t w…

Vasectomies and your taxes: Are they linked?

Considering the Big Snip? There’s a Deduction for That.
While it may be a sensitive subject for some, a vasectomy is one of the most effective methods of preventing unintended pregnancy. About half a million men in America elect to undergo this simple …

Vasectomies and your taxes: Are they linked?

Considering the Big Snip? There’s a Deduction for That.
While it may be a sensitive subject for some, a vasectomy is one of the most effective methods of preventing unintended pregnancy. About half a million men in America elect to undergo this simple …

Does my pet count as a service animal on my taxes?

Pets do more than warm our hearts; they’re road trip buddies, winter lap warmers, and sometimes — legitimate treatments for medical conditions. According to the IRS, if you have a service animal “primarily for medical care to alleviate a mental defect …

How to deduct gambling losses on your 2019 taxes.

Gamblers understand the concept of win some, lose some. But the IRS? It prefers exact numbers. Specifically, your tax return should reflect your total year’s gambling winnings – from the big blackjack score to the smaller fantasy football payout. That’…

Deductions vs. Credits: How Do They Affect My Refund?

We all want to get every last one of our hard-earned dimes back from the IRS. Fortunately, working with TaxAct® means you don’t need a master’s degree in accounting to put the figures in your favor. Knowing how deductions and credits affect your situat…

Oh deer. Another surprisingly legal deduction.

Your Happy Hunting Could Save You Hundreds
That title smells like clickbait. But we promise deer deductions are a real thing. We also promise that the recent film star around the office, our very own deer, is happy, healthy, and raiding the fridge com…