Posts Tagged ‘Taxes’

Tax Write-Offs that Can Save Your Small Business Money

January 19, 2012

Whether you are self-employed out of your home or have an actual office with a couple of employees, the government considers you a small business, and what this means for you come tax time is (drumroll, please) write-offs.

Go ahead and do a little dance of joy, because small business write-offs can save you a ton of cash at tax time if you know what to look for. Here are a few possible things you might be able to write off, depending on the type of business that you run.

Start Planning for a Happier Tax Day in 2012

April 13, 2011

Tax Day is April 18 this year – a date that most Americans look forward to about as much as getting a root canal. For too many Americans, the annual tax filing deadline is a flurry of stress, disorganization and anxiety. But the truth is, while Tax Day is never “the most wonderful time of the year,” it doesn’t have to be worst day of your life, either. Here are some ideas to help make next year’s Tax Day better. You can start today to make for a happier Tax Day in 2012

8 Commonly Overlooked Tax Breaks

March 23, 2011

How many times have you finished your taxes and sent them off, only to hear later about a deduction that would’ve been perfect for you? Well, if you’re anything like me, that scenario has played out in your life more than once. Given the fact that it takes the Internal Revenue Service over 70,000 pages to explain the 2010 tax code, it’s understandable how you could miss a deduction or two along the line. Let’s highlight a few of the most commonly overlooked tax breaks.

6 Tax Law Changes that Affect You (and Your Wallet)

March 9, 2011

As almost all of us have discovered at one point or another, the Internal Revenue Service’s tax code is constantly changing. A tax credit that you’ve used for years might be snatched away from you. Or you could suddenly find yourself eligible for a new deduction that was just added to the books. Let’s take a look at some of the ways that the tax rules have evolved this year and how they might affect you.

5 Personal Finance Lessons from the Rolling Stones

January 13, 2011

The Rolling Stones are one of the world’s most famous and longest-lived rock bands. They’ve sold over 200 million albums, grossed over $2 billion since 1989 and even as members of the band approach the age of 70, they continue to perform to millions of adoring fans worldwide. (Their most recent concert tour earned over $500 million.) Although most of us will never be rock stars, there are some valuable personal finance lessons to be learned from the Rolling Stones.

Tax Credits 101: Credits for Students

December 29, 2010

For most higher education students, the fall semester has come to a close. As the new year and another semester approaches, now is a good time to begin thinking about taxes. Yes… taxes. Students who are filing their own tax returns this year may qualify for higher education tax credits that can significantly reduce your tax burden, or possibly increase your refund. Learning about them now will save you from cramming later and maybe even missing out on some money to which you’re entitled.

All I Want for Christmas Is… CASH!

December 9, 2010

Santa baby, slip a little envelope under the tree for me! Nothing says “I love you” like a hunk of cash to buy what you want when you want it. Cash (or check) makes the perfect gift and it is so easy to give – or is it? Unfortunately, lurking behind your tree is the mean and nasty Scrooge IRS ready to levy 35 percent gift tax on you if you are too generous this year! How can you avoid the Scrooge and still fill your family with joy on Christmas morning? Certified Financial Planner, Gelasia Steed, gives us the scoop.

5 Financial Opportunities to Take Advantage of before 2011

December 2, 2010

The new year is quickly approaching, but there’s still time to get your personal finances in order. Act quickly though, as there are some financial perks in 2010 that will go away or change in 2011. Certified Financial Planner John D. Buerger covers what those perks are and how you can take advantage.

Need Cash? There May Be More Money Available in Your Paycheck

November 12, 2010

Could you use some extra cash from your paycheck now rather than waiting for your tax refund? Would you like to reduce a possible balance due on your 2010 Federal income taxes? You can make adjustments to your Federal Income Tax (FIT) withholding to increase the amount of money you get with each paycheck. But, the opportunity is NOW! You must take advantage before you receive your last paycheck for 2010. Certified Financial Planner Heidi Davis shows us how to access this available cash.

Tax Records to Keep and How Long to Keep Them

March 8, 2010

April is fast-approaching and with it, tax time. While tax preparation seems to get a little bit easier each year with the prevalence of online tax prep software, there’s still one question that leaves many Americans scratching their heads: What records should I hang onto for tax purposes and how long should I keep them? [...]

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