Ong & Company Blog

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The dependent care credit may be changed by Congress in the coming years, but you can still take advantage of it now. It offers some surprising benefits that may apply to your situation....

If you have a child graduating from college this year, money can be tight as he or she embarks on a career. So it's often hard to convince your child to set aside money for a retirement date that may ...

The Net Investment Income Tax (NIIT) is a unique tax provision, introduced in 2013 to help pay for the Affordable Care Act (ACA). While the NIIT may be the focus of future congressional action, the ...

Most tax-deductible expenses fall into a specific category. For instance, you can usually claim mortgage interest and charitable contributions as itemized deductions on Schedule A of your Form 1040. ...

Although you can't deduct the value of time and energy spent on charitable endeavors, you can often write off unreimbursed expenses incurred while performing charitable duties. Here are some of the ...

Are you facing a tax liability on your 2016 return or looking for a bigger tax refund? There's little you can do now to reduce the tax, but there's at least a couple options that may be available to ...

It's not unusual to pull up stakes after you land a new job. If your new employer does not reimburse you for your moving expenses, you may still be able to deduct them on your tax return. To qualify, ...

It is fairly common knowledge that Congress has given us several ways to reduce our income tax bills when it comes to saving for and paying for college - both for ourselves and our children and grand ...

Can you deduct interest expenses on your 2016 tax return? It depends. Generally, the tax law requires you to allocate interest payments under a complex set of rules. The tax results vary, based on ...