The tax code has a number of hidden gems, credits or deductions that add up to a nice chunk of change you can save on your taxes over the year. Today, we’re looking at Commuter Transit Tax Benefits, perks that you can use if your employer offers a subsidy or pre-tax payroll deductions for your commuting costs. Full story
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Tax day is getting closer, and it’s time to review a few tips if you’ve not yet completed your tax return.
It’s spring and that means it’s a great time to clean out the basement, attic, closets, and garage and save some money on your 2013 tax return at the same time. There are many charitable organizations that you can donate items to help those in need and take a deduction on your tax return if you itemize. If you did spring cleaning in 2012 you can also take advantage of this tax benefit and save on your 2012 taxes. Let’s look at the types of items you might like to donate.
It’s Daylight Savings Time and at 2:00 AM Sunday morning we spring forward. Although we lose an hour of sleep, we gain more daylight and reduce our electricity bill. In the spirit of saving energy and Daylight Savings Time, Joe Taxpayer shares other energy efficient tax tips in time to save more money at tax time. Full story
If you or your spouse served in the Military in 2012, you should know that there are some provisions in the tax code that will help you save some money. Full story
Each year at tax time we look to see how we can reduce our tax… Full story
Each year many tax benefits increase due to inflation adjustments. JoeTaxpayer tells us more about these adjustments for 2012. Full story
For many parents, it seems as if we go from changing diapers to packing the kids up to go off to college. With an in-state public college averaging over $33K for the 4 years, and private college over $120K, it’s time to look at how you can get Uncle Sam to ease the burden just a bit. Full story
Did you have a baby? Along with the new bundle of joy here are some tax benefits you should know about. Full story
The Roth plan requires post-tax contributions, but allows tax free growth and distribution. With pre-tax plans, you contribute to the plans with your funds without any taxes deducted so the distributions are taxable. So which one do you choose? Find out more here. Full story