Tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business's taxable income, a credit reduces the business's tax liability dollar for dollar. Credits aren't unlimited, however. For businesses, the aggregate value of tax credits may be limited by the general business credit. This article explains how it works and lists specific credits it includes.

Can you deduct the cost of a facelift? How about "Lasik" eye surgery or the cleaning solution for contact lenses? Some of the procedures that pass muster with the IRS may surprise you. Take a look at a chart with eligible and not-eligible medical expenses. There are some unusual qualified expenses that might allow you to get a tax break.

Conservation easements help protect natural areas and historic buildings while offering a tax break for the property owners involved. But the IRS views many of these arrangements as "abusive" from a tax perspective. This article discusses two recent updates to this long-standing issue: a revised IRS webpage and a new settlement initiative.

Most employees recognize the need to save for retirement and expect to be offered a 401(k) or other qualified plan. But there's another aspect to employees' golden years. That's the possibility of being stricken by a debilitating medical condition. Long-term care (LTC) insurance can help mitigate the financial impact of such a crisis. By offering group LTC insurance as a fringe benefit, you can create a relatively simple avenue for employees to acquire coverage.