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
Each year the IRS makes changes to tax rates and increases various tax benefits due to inflation adjustments. By law these tax
provisions must be adjusted to keep pace with inflation. Here are some of the tax adjustments for 2013 that may help you keep more money in your pocket when you file your taxes next tax season.
It’s a good thing you can use TurboTax Military Edition for your last minute tax filing so you can easily be guided through these special tax benefits and can keep more of your hard-earned money. Here are 5 last minute tax tips for military that will help you save when you go online and file your taxes. Full story
The release of the iPhone 5 swept the nation, and tech consumers had yet another… Full story
There are two major categories of tax credits that can boost your tax refund—non-refundable and refundable. When you file your taxes in the next couple of weeks, here are five popular refundable and non-refundable tax credits that you may be eligible for: Full story
There are several advantages of going to college. One of the more immediate financial benefits actually involves your taxes. Did you know that there are plenty of tax credits and deductions that can help you lower your taxable income? I want to share some of the biggest ones available right now when you prepare your taxes before the tax deadline. Full story
With the average payment for college tuition being at about $20,902, no wondering families and… Full story
For that time in a person’s life when he or she begins to take care of their parent, its important to know that the IRS allows those individuals to claim their parents as dependents on their tax return. Full story
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.
A great milestone of your financial life is the purchase of your first home. While less exciting, the tax implications of that achievement are no less critical. After all, home ownership creates several new opportunities for you to save on your federal income taxes. Got your attention?