Seven Tax Tips for the Self-Employed

Seven Tax Tips for the Self-Employed

Ah, the joys of being self-employed, going to work in your home office in your pajamas, with nary a boss or employee to deal with. Some self-employeds fit that image, while other small business owners have formal offices and employees and infrastructure. But whichever business model is yours, TurboTax can help you file your taxes. Here are seven tax tips to help you cope as the tax deadline approaches. Full story

Can I Claim My Parents as Dependents?

Can I Claim My Parents as Dependents?

It is increasingly common for adult children to take care of their elderly parents. When such support begins to become both financial and significant, many wonder whether a tax break might be available to help offset some of the expenses. Here are some of the key considerations to determine if you can claim your parent as a dependent. Full story

The Highs and Lows of Gasoline Tax

The Highs and Lows of Gasoline Tax

It’s likely that you never think about the gas tax when you fill your tank. That’s because it is included in the cost of each gallon, rather than being added on at the end of the sale like sales tax, or collected at tax time like income taxes. Even if you never think of gas tax, it is likely that you benefit from its collection: state excise tax on gasoline funds highway and mass transit projects in most states. Full story

Spring Cleaning and Charitable Giving to Help at Tax-Time

Spring Cleaning and Charitable Giving to Help at Tax-Time

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.

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