incometax

Tax Tips: Can I do my taxes myself?

Whether someone can do their own taxes is an interesting question. The U.S. tax code gets more and more complicated with each passing year. Another...

Tax Tips: What is an exemption?

An exemption is a deduction allowed for the taxpayer, a spouse, and dependents. Essentially, people who are supported by the income of the spouse and...

Tax Tips: Reduce taxes by itemizing

Taxpayers pay income tax on their income, less certain deductions. One choice is between the "standard deduction" and "itemized deduction," and...