Month: February 2017

Collecting tax perks for a job-related move

t’s not unusual to pull up stakes after you land a new job. If your new employer does not reimburse you for your moving expenses, you may still be able to deduct them on your tax return. To qualify, your…

Can you deduct interest expenses on your 2016 tax return?

It depends. Generally, the tax law requires you to allocate interest payments under a complex set of rules. The tax results vary, based on whether the expense is characterized as mortgage interest, investment interest, business interest, or personal interest. Mortgage…

Casualty and theft loss deductions

No one enjoys picking up the pieces after a natural disaster or when some other calamity destroys personal property like a home or car. But at least you may be in line for some tax relief. If you qualify, you…