Fall is here, and if you’re remembering your heating bills from last winter, you probably are already thinking about what you can do to cut that bill. Today, we look at tax breaks that help save you money while you make your home a bit more energy efficient.
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Can’t pay your outstanding tax bill? First, be sure you still file your tax return. The failure to file penalty can be as high as 25% of the tax you owe, so it’s important that you get your tax return filed and not let your liability snowball. If you filed and owe the IRS, you should know about the IRS Fresh Start Program. Here are three of its features that offer a bit of relief for those struggling to pay their back taxes.
You filed for a tax extension and bought yourself a bit of time. The clock’s been ticking and the October 15th tax deadline is approaching. Hopefully, you’ve spent this time gathering your documents. Today, we’ll discuss the tax deductions that you may not be thinking about. Full story
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
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