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1040Return.com’s blog with tax tips and information regarding tax credits, tax forms, and tax updates/changes.

The New World of Charitable Deductions

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 [...]

If You’re Expecting a Refund, Read This

The end of tax season is approaching and if you’re getting a refund, here are four useful tips to know. The average refund is more than $2,000. About three-fourths [...]

Is Home Equity Loan Interest Still Deductible?

There is a lot of confusion about home equity loans following the passage of the Tax Cuts and Jobs Act (TCJA) last year. The act changed the rules on [...]

Tax Act Tip: Change Your Roth Conversion Thinking

If you're considering converting a traditional IRA retirement account into a Roth IRA, be aware that the Tax Cuts and Jobs Act (TCJA) signed last year now limits your [...]

So You Sold Your Home, Now What?

Understanding the taxable gain exclusion on home sales If you're considering selling your home or have recently sold your home, there are possible tax consequences. The good news: much [...]

Put Your Tax Refund to Good Use

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: [...]

Three Tax Break Tips for Caregivers

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 [...]

Tax Act Tip: Employee Expense Rules Have Changed

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 [...]

Tax Law Alert: Expired Tax Breaks Revived

In the federal budget bill passed Feb. 9, Congress revived dozens of expired tax breaks retroactively for 2017. Here are the ones you may be able to use: The [...]

How to Handle All Those Forms

Your mailbox has started filling up with tax forms over the last several weeks and there are likely more to come. Getting your forms organized makes your tax filing [...]

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