Over the past year, we have seen an increase of 10.4% on home prices nationally, according to Trulia’s Price Monitor. We are seeing the beginnings of a robust recovery from the housing market crash of 2008- 2012. Thus, if you have owned your home for more than seven years, it is possible that you may…

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…