American Tax Service

Helping Americans File Their Taxes

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New Tax Deductions for 2016, 2017

Most people don’t realize that certain tax deductions are periodically adjusted. These changes are made for any number of reasons, including shifting inflation figures, changes in legislation, and necessary adjustments made by the federal bank.new tax deductions

While the changes may seem inconsequential, private claimants and businesses alike can benefit from a thorough knowledge of these new … Read the rest

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10 Homeowner Tax Credits and Deductions

Here is a look at 10 tax breaks the government gives to motivate Americans to purchase new homes.

In most cases you can write off all mortgage interest up to $1.1 million for your primary and secondary residences. You can even write off property taxes. Home owners have numerous additional opportunities compared to renters for … Read the rest