How to Claim MIP on an FHA Tax Deduction?

Answer Federal Housing Administration (FHA) mortgages help people get into mortgages with minimal down payments. These mortgages do not permit the lender to charge private mortgage insurance premiums each... Read More »

Top Q&A For: How to Claim MIP on an FHA Tax Deduction

Who can claim the moving deduction?

You can claim moving-deduction expenses if you moved because of a job change and you pass the distance test and the time test. The new job must be at least 50 miles farther from your previous resid... Read More »

How to Claim Children's Sports as a Deduction?

Revenue agencies use tax deductions and credits to help reduce a taxpayer's liability and to advance socially beneficial agendas. For instance, Canada's Revenue Agency recognizes the importance of ... Read More »

Up to what age can you claim a child as a deduction?

You can claim a child as a deduction up to age 19. If the child is a full-time college student, you can claim him as a deduction up to age 24. A full-time student takes 12 credit hours.References:W... Read More »

Can I claim my work uniform as a tax deduction?

On One Hand: Work Uniforms are Tax DeductibleCosts for purchasing and maintaining work uniforms are deductible for any qualified work uniform. To qualify as a work uniform the uniform must be(1) r... Read More »