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Smart Ways to Trim Your Year-End Tax Bill
Smart Ways to Trim Your Year-End Tax Bill

Don't forget you still have time to take advantage of all available tax deductions before you ring in the New Year. Check out our top tips to put into action now so you'll be ahead of Uncle Sam in April. 9:15

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Straight Talk Tip


Aging Parent Deductions

If you provide more than half of an aging parent's support, you may be able to declare your parent a dependent even if he or she is not living in your home. In addition to getting the dependent deduction, you may also be able to take a tax deduction for your parent's medical expenses. To prove you pay the expenses, pay your parent's bills directly to the provider, rather than giving your parent(s) the money to pay the bill.


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