Tina Orem

1 month ago | nerdwallet.com | Tina Orem

Charitable contributions are generally tax-deductible if you itemize. The amount you can deduct may range from 20% to 60% of your adjusted gross income.

1 month ago | chicago.suntimes.com | Sabrina Parys |Tina Orem

El mejor lugar para cobertura de noticias y cultura latina en Chicago. | The place for coverage of Latino news and culture in Chicago. Las exenciones fiscales generalmente se dividen en dos categorías principales: deducciones fiscales y créditos fiscales. Conforme examinas los programas que podrían aplicarse potencialmente a tu caso, es una buena idea conocer las diferencias de cómo funciona cada beneficio.

2 months ago | chicago.suntimes.com | Sabrina Parys |Tina Orem

Tax breaks are generally broken into two major categories: tax deductions and tax credits. As you examine programs that could potentially apply to you, it’s a good idea to know the differences in how each benefit works. In short, a tax credit gives you a dollar-for-dollar reduction in the amount of tax you owe. A tax deduction, also sometimes called a tax write-off, provides a smaller benefit by allowing you to deduct a certain amount from your taxable income.

Jan 24, 2025 | nerdwallet.com | Tina Orem |Sabrina Parys

If you sell a house you didn’t live in for at least two years or that isn't your primary residence, capital gains tax on real estate may apply.

Jan 23, 2025 | nerdwallet.com | Hillary Crawford |Tina Orem

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