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6 Ways You Might Be Eligible for a Tax Write-Off

6 Ways You Might Be Eligible for a Tax Write-Off
Michael McDonald
April 7, 2021, 9:00 AM
A woman sits at her dining room table with laptop and financial reports doing her monthly budget.
Tax season is here, and people are scrambling to find every opportunity to get the biggest tax write-offs possible. There are plenty of esoteric deductions, but those savings are relatively small for most people.
See:
Last updated: April 7, 2021
Woman working on computer in her home office during pandemic quarantine.
1. Job Expenses
Even if you are not self-employed, some career expenses might be deductible. To be eligible, the expenses must be necessary for you to do the job for which you were hired. In addition, you must itemize your deductions, and the total costs must exceed 2% of your adjusted gross income.Job-related licenses and regulatory fees are deductible for many people. From real estate agents to m ....

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Which debts can't be discharged in bankruptcy?

Which debts can’t be discharged in bankruptcy?
Bankrate
1/7/2021
© Phynart Studio/E+/Getty Images
Phynart Studio/E+/Getty Images
We ve talked before about bankruptcy in this column, but this week I d like to simplify things a bit and discuss more specifically the debts that can and cannot be discharged in bankruptcy.
© Phynart Studio/E+/Getty Images
Couple managing finances
Can credit card debt be discharged?
Like all debt, when it comes to bankruptcy it depends on which chapter you file under. Chapter 7 will discharge credit card debt almost immediately. Chapter 13 will reorganize your debts (likely including your credit card debt), so that at least a portion of that debt will be repaid over time. Once you have repaid the portion of your debts required by the court and based on your income and expenses, the remainder is discharged. ....

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