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FAMILY HOME LOAN INTEREST MAY NOT BE DEDUCTIBLE

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Article Highlights: Qualified residence interest is deductible…

LOCAL LODGING MAY BE DEDUCTIBLE

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Article Highlights: Away-from-home lodging Non-away-from-home…

CHECKING THE STATUS OF YOUR FEDERAL TAX REFUND IS EASY

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Article Highlights 24/7 access How quickly posted Direct…

TURNING 70 1/2 THIS YEAR?

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Article Highlights: Turning 70 1/2 Traditional IRA Contributions …

UNDERSTANDING THE LANGUAGE OF TAXES

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Part of our increasingly complicated Federal income tax structure…

WILL THE INTEREST ON YOUR VEHICLE LOAN BE DEDUCTIBLE?

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Article Highlights: Vehicle loan interest Consumer loans…

ABOVE-THE-LINE DEDUCTION

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The “line” in this term refers to the line drawn when totaling…

ACQUISITION INDEBTEDNESS

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This is the debt used to acquire, build, or substantially improve…

ADJUSTED GROSS INCOME (AGI)

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This may be the most important tax term since the tax code uses…

ALTERNATIVE MINIMUM TAX (AMT)

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A different way of computing one’s tax liability; it MUST be…

RECEIVE YOUR REFUND FASTER WITH DIRECT DEPOSIT

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Article Summary: Speed Security Convenience Options …

BASIS

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Basis is the dollar value from which a taxpayer measures any…

BUSINESS GIFTS

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Gifts to customers, business contacts, clients, etc., are deductible…

DON’T OVERLOOK THE SPOUSAL IRA

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Article Highlights: Spousal IRA Compensation requirements …

CAPITAL GAIN

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Gains from the sale of certain assets owned for more than one…

CAPITAL LOSS

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This is generally a loss from the sale of investment property…