Category Archives: Deductions

Payments for Long Term Care of Patient with Demential Are Deductible

Posted on July 15, 2011 by Cliff

Many of us face the challenge of caring for an elderly parent or sibling.  This challenge is particularly hard when the loved one is suffering from dementia.  Patients need round the clock care that is often provided by caregivers who … Continue reading →

Posted in Deductions, Income Tax | Leave a comment

Ten Tax Benefits for Parents

Posted on January 26, 2011 by Cliff

Did you know that your children may help you qualify for some tax benefits? Here are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year. Dependents In most cases, a child can be … Continue reading →

Posted in Credits, Deductions, Income Tax, Planning | 1 Comment

Year End Donation Planning

Posted on December 16, 2010 by Cliff

With the end of the year approaching, a lot of us are making year end contributions to our houses of worship and other deductible charities.  By advancing 2011 planned giving into 2010, you can impact the your tax bill.  Here … Continue reading →

Posted in Deductions, Income Tax | 1 Comment