Most working parents are well aware they get a tax break to help cover the costs of sending their child to day care. But some parents overlook the tax advantage of summer day camp costs. During school vacations, many parents turn to these supervised programs to provide child care while they work. Overnight camps do…

Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. Gambling losses are indeed tax deductible, but only to the extent of your winnings. This requires you to report all the money you win as taxable income on your return. However, the deduction for your losses is only…

As the tax filing deadline approaches, many small business owners are looking for ways to save money as they prepare to file their tax returns. Although the Affordable Care Act does not require that businesses provide health insurance, it does offer Federal tax credits for eligible small businesses that choose to provide insurance to their…