Deductions, Individual taxes
Taxpayers who are making payments on student loans may qualify to deduct the interest portion of their payments on their federal income tax returns. According to the IRS, the student loan interest deduction is available to those who meet certain conditions and income...
Deductions, Individual taxes
Did you donate some of your household items to charity during the past year? If so, you may be eligible to deduct the value of these items as a charitable contribution on your federal income tax return. The IRS allows taxpayers to claim an itemized deduction for...