Depending on your situation, you may be able to claim certain medical expenses as deductions on your tax return. However, you must itemize deductions, and having enough expenses to qualify can be challenging.
Now might be a good time for some taxpayers to convert their traditional IRA to a Roth IRA.
Closing your business is a significant milestone, and part of wrapping things up means taking care of a few tax responsibilities.
If your child is going to a summer day camp while you work, it may count as an expense toward the federal Child and Dependent Care Credit.
If you own a company and travel for business, you may wonder whether you can deduct all the costs of having your spouse accompany you on trips. It’s possible, but the rules are restrictive.
