As you organize to file your taxes, it's also the perfect time to tackle overflowing desk drawers and paperwork pile ups. But how do you know what to keep safe and what to get rid of? Well here’s some helpful hints for when it’s time to keep it or shred it.
Tax deductions reduce your taxable income by accounting for expenses you've incurred. The IRS offers many ways to reduce your taxable income, from deducting childcare costs and mortgage interest to charitable donations and moving expenses. Learn about new tax breaks for 2016 and which deductions are returning this tax season. Related: Don't Forget These 8 Important Deductions