Written by Donations made to qualified organizations may help reduce the amount of tax you pay. Here are a few things to help ensure your contributions pay off on your tax return.
READ MORE »Posts in category Deductions
Maximize your Travel & Entertainment Benefits.
Expenses are directly related if you can show:
There was more than a general expectation of gaining some business benefit other than goodwill.
You conducted business during the entertainment.
Active conduct of business was your main purpose.
What you’ll Need
Tweet Well here we are, January and it is time to start getting your tax information ready. But what do you need? Twelve months have passed. With the economy the way it is many have already been thinking about their taxes, some haven’t. Getting things ready to take in [...]
READ MORE »All About Energy Audits
Written by Tweet If you are tired of watching your home energy bills steadily rising, then it may be time for a home energy audit. An audit will pinpoint areas of wasted electricity, potential savings and improvements you can make to lower your energy bills. Before you start charging the children every time they turn on a [...]
READ MORE »When Are Self-Employed Medical Plan Costs Tax Deductible?
Tweet To take on the many benefits associated with self-employment tax deductions, there are many things that you can do. The first step in this process is to actually make sure that you are qualified for the self-employed health insurance deduction. You can acquire this deduction if you have filed for Schedule C or F [...]
READ MORE »Last-Minute Tax Deductions for 2011
Tweet With tax day just around the corner, here are some ideas that can maximize your tax returns this year: Invest more money in your retirement account – Your retirement funds actually aren’t taxed until that money is taken out of your retirement account. Contributions to retirement funds can be made as late as April [...]
READ MORE »Tax Benefits for Job Seekers
Tweet Some people- especially these days – are polishing their resumes and attending career fairs in search of employment. If you are searching for a job this summer, you may be able to deduct some of those expenses on your tax return. Here are six things you need to know about deducting costs related to [...]
READ MORE »Five Important Facts about Dependents and Exemptions
Tweet When you prepare to file your 2009 tax return, there are two things that will factor into your tax situation: dependents and exemptions. Here, the IRS gives you five important facts that you should know about dependents and exemptions before you file your 2009 tax return. If someone else claims you as a [...]
READ MORE »IRS Reminds Taxpayers to Take Advantage of Recovery Act Benefits
Tweet This post is straight from the IRS Newswire, an IRS e-mail service. – subscribe. No I didn’t write any of this, you can get this information sent to you directly. I copied it here for you to see. WASHINGTON — With 2009 now half over, the Internal Revenue Service reminds taxpayers to take [...]
READ MORE »Home-Office Deductions
Tweet More than one million new businesses are started each year. There are more than 27.2 million small, non-farm businesses in America. Of that Include 52 percent home-based businesses and two percent franchises. Of that, 52 percent are home-based businesses. 44 percent survive at least four years, and 31 percent survive at least seven years. [...]
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