What Home Improvements Increase Property Taxes? Home improvements that add significant square footage or functional living space, like finished basements, room additions, garages, and major kitchen or bathroom remodels, are the most likely to increase your property taxes. Cosmetic updates like paint, flooring, or landscaping generally do not trigger a reassessment on their own, since […]
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Is Private School Tuition Tax Deductible? Private school tuition for kindergarten through 12th grade is not directly tax deductible on your federal return. There is no federal itemized deduction or above-the-line deduction specifically for K-12 tuition, regardless of income level. That said, there are still several tax-advantaged strategies, including 529 plans and, in some cases,
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Is Child Support Tax Deductible? Child support is not tax deductible for the parent who pays it, and it is not considered taxable income for the parent who receives it. This has been the case under federal tax law regardless of when the divorce or separation occurred, and it does not depend on the amount
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