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Articles from: August 2011

Disaster Preparedness: How Safe are Your Tax Documents?
8/28/2011 TurboTaxLisa Tax Planning

Disaster Preparedness: How Safe are Your Tax Documents?

Individuals were given some warning about Hurricane Irene, but do you know how to safeguard your assets from this and other types of disasters, expected and unexpected? Here are some tips to help you safeguard important documents such as tax returns. Full story

Writing Off Your Summer: Preparing For Next Tax Season
8/25/2011 joshritchie Tax Deductions and Credits

Writing Off Your Summer: Preparing For Next Tax Season

What are six tax deductions or tax credits you may be able to take? Full story

Residential Energy Tax Credit 2011: You May Not Receive As Much Green As You Think!
8/17/2011 TurboTaxLisa Home

Residential Energy Tax Credit 2011: You May Not Receive As Much Green As You Think!

The 2011 Residential Energy Tax Credit, the credit for energy-saving home improvements was decreased effective January 1, 2011. Find out how the changes affect your taxes. Full story

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Understanding the Hidden Taxes and Fees Associated with Airline Travel
8/16/2011 joshritchie Tax News

Understanding the Hidden Taxes and Fees Associated with Airline Travel

It is easy to miss the number of taxes and additional fees that are applied to airline tickets in the United States. Let’s define and shed light on these rates and charges that will be applied to your tickets the next time you travel with the airlines. Full story

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Taxes On America’s Favorite Beverage: Soda
8/16/2011 joshritchie Tax News

Taxes On America’s Favorite Beverage: Soda

35 states have an additional sales tax on soda, a rate added to the general food tax rates on food and beverage products. A soda tax can be compared to a sin tax, however how high are soda tax rates and do they have the same effect sin taxes do on preventing unhealthy behavior? Full story

Tax Tips: In Search of a Job? Your Job Search Expenses May Be Deductible
8/9/2011 Michael Rubin Tax Deductions and Credits

Tax Tips: In Search of a Job? Your Job Search Expenses May Be Deductible

Looking for a job in any economy can be challenging. Fortunately, many job search expenses are tax deductible. Full story

Tax Tips for New Families
8/5/2011 TurboTaxBlogTeam Family

Tax Tips for New Families

This summer, my wife and I will be expecting our first child. It’s better to get everything organized before your life changes forever, right? Read on for more tax tips for a new baby. Full story

Debt Ceiling Limit Increase Voted Into Law: What Does This Mean for Taxpayers
8/4/2011 TurboTaxLisa Tax News

Debt Ceiling Limit Increase Voted Into Law: What Does This Mean for Taxpayers

After months of waiting, Congress finally agreed to raise the 14.3 trillion debt ceiling and reduce federal spending, instantly giving the Treasury 400 billion additional borrowing power. Full story

Don’t Let That Summer Getaway Get Away
8/3/2011 Ginita Wall, CPA, CFP® Tax Planning

Don’t Let That Summer Getaway Get Away

Is summer is passing you by this year, turning your stay-cation into blah-cation? With Labor Day right around the corner, it’s not too late to put some adventure into your summer by taking a last minute trip or vacation. Full story

The IRS Increases Standard Mileage Rates to 55.5 Cents Per Mile
8/2/2011 JoeTaxpayer Tax Deductions and Credits

The IRS Increases Standard Mileage Rates to 55.5 Cents Per Mile

Toward the end of June, the IRS announced a rare mid-year change in the standard… Full story

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