SBS NOVA | Tax Tips
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Tax Tips

Your charitable contribution deductions are still a great tax savings tool, but they may require more planning following the passage of the Tax Cuts and Jobs Act (TCJA) last year. Background Typically, cash and non-cash charitable donations can be deducted on an itemized return. But with the...

Three-fourths of filers get a tax refund every year, with the average check weighing in at $2,895. Here are some ideas to put that money to good use: #1: Pay off debt. If you have debt, part of your refund could be used to reduce or...

One of the things that’s going away under the new tax reform laws implemented this year is an employee’s ability to deduct unreimbursed expenses related to their job. Farewell to miscellaneous itemized deductions The deduction for unreimbursed employee expenses was among the qualified 2-percent miscellaneous itemized deductions...

If you’ve ever had to care for a sick, elderly or disabled person, you know it can be difficult financially as well as emotionally. A recent study found that many caregivers are forced to make financial sacrifices, including delaying retirement, in order to help their...