Deducting Healthcare Costs
If you incurred a significant amount of healthcare and dental cost costs last year, you may be eligible for a deduction when making your itemized deductions. There are several things that you can deduct provided your…
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Claiming Your Parents as Dependents
If you’re taking care of a parent in their sunset years, you may be able to claim them as a…
Be More Efficient With Energy, Get a Deduction
Did you invest in making your home more energy efficient last year? If so, you may qualify for a tax…
Writing Off Self-Employment Expenses
If you’re self-employed, there’s a treasure trove of expenses you can deduct. There are all sorts of expenses you can…
What To Budget For In January
Budgeting the same for all the months is a pitfall. Here’s some things unique to January that you should be…
You Received An IRS Notice. What To Do.
Receiving a notice from the IRS can be daunting. Here’s some facts to eliminate the fear of the unknown. There…
How Kids Reduce Your Taxable Income
Children may raise your blood pressure but they can lower your taxes. Here’s how: Depending on your situation, there are…
Neglected to file a tax return? Here’s what to do!
Dealing with unfiled past taxes isn’t as stressful as it you might think. The longer you go without paying your…
3 Criteria For Wisely Buying Holiday Gifts
A third of major retailers’ revenue comes from the last 2 months of the year. So obviously the Holiday season…
Sell Your Home for a Profit? No Need To Report It As Income?
If you sold your home this year for a profit, it may not be taxable income! In most cases, if…
Deduct Your Health Savings Account
Deduct the money you put towards a Health Savings Account! Contributions you make to a Health Savings Plan are deductible…
Holiday Costs That Bite
Sure you’ve got an idea of what you’re gonna spend on Holiday gifts but what about all the costs that…
4 Affordable Luxuries You Shouldn’t Afford
Looking for ways to ensure there’s some extra money at the end of every month? Cut out these 4 expenses.…
Grandparents In A Prime Position To Help With College
Grandparents can help with college and lower taxable income. A grandparent helping their grandchild pay for college can be a…
Travel for Good, Save In Taxes
Travel expenses for charity help lower your taxes. The IRS allows you to deduct your expenses when traveling for a…
Made a Bad Loan? There’s a Silver Lining!
So your friend was in a pinch and you thought they’d be good for it and they weren’t. It’s not…
3 Common Budgeting Mistakes Businesses Can’t Afford To Make
Many businesses regularly overlook 3 common mistakes that wind up costing them dearly and obstructing their path to a successful…
Government Shutdown Delays 2014 Tax Season
How does the government shutdown impact the IRS? The 16-day government shutdown came at a pivotal time for the IRS…
Significantly Cut Taxable Income
Bundle expenses for itemized deductions. Will your itemized deductions for 2013 be right around the standard reduction amount? If so,…
It Pays To Get Paid Later
Deferring income could lower your taxes! If you work for yourself and pay your taxes in cash, it may be…
What kind of income can’t be taxed?
Did you know anyone paid for babysitting has to report that income to the IRS? Or let’s say you and…
The Best Way to Save for College
College tuition is rising. In fact, it has risen in costs 500% since 1985! It is outpacing inflation by 121%.…
Look for a Job, Find Tax Deductions
Looking for a new job isn't actually ‘taxing' after all. Did you know that you can deduct costs related to…
Starting a New Business: What Are My Tax Obligations?
If you are starting a new business it's important you start out on the right foot with the IRS. You'll…
What to do if you get a notice from the IRS.
Deal with it now! If you've received a notice or letter from the IRS, it’s best to deal with it…