So you’ve made the decision to go back to school, and now you’ve got to figure out the finances. Time to find out what’s tax deductible and what kinds of tax benefits are available to you. No need to panic,...
Everyone is still enjoying their summer and a large portion of the country will not only be spending money on themselves, but also be finding ways to give to others this summer. This article will hopefully encourage you to think of different ways to give as well as help ensure that your donations earn you the benefit of a tax deduction.
IRS kicks off tax season just in time for EITC Awareness Day today. The earned income tax credit has helped millions of hard-working Americans get out of poverty and can be a credit worth up to $6,044 depending on your income. Phil Taylor answers common questions to help you understand more about the Earned Income Tax Credit.
Just when you thought Black Friday and Cyber Monday couldn’t possibly get any bigger, marketers around the country are opening earlier, offering deeper discounts, and even streaming live video online. And what’s at stake? Your sanity and your wallet. Thankfully, there are ways to take advantage of Black Friday and Cyber Monday deals and still maintain a positive balance in your bank account.
There are many wonderful reasons for buying gifts for your colleagues and business associates. There’s also one more incentive to make those gift purchases. All or part of the cost of your business gifts can actually become tax deductions. Here are the rules.
Being your own boss as a freelance professional comes with exciting perks, amazing hours, and unrestricted living and working. But it also comes with a little more responsibility when you approach tax season. Follow these three smart and strategic tax tips and you’ll soon find another reason to love working for yourself.
The release of the iPhone 5 swept the nation, and tech consumers had yet another reason to drool. But at what cost? It’s expensive to stay ahead of the electronics race. The running joke about the iPhone (and just about...
The tax deadline is April 15th! So why are you waiting to prepare your tax return? With the average tax refund of about $2,700 last tax season and the ease and convenience of TurboTax there’s no reason to wait to file. We’ve laid out 6 last minute tax tips to help you streamline your tax preparation and keep more money in your pocket.
What amount of your medical expenses are tax deductible? Do you have to show proof of the expenses that you’re claiming as deductions? Whose medical bills are able to be deducted? These are some very common questions about medical expenses, so let’s just dive right in.