The last year is over and we’re well into tax season. However, if you’re still looking for a few deductions, it’s possible for you to benefit from some really last minute tax breaks. You can still make previous year contributions to your IRA and/or HSA. Contribute for the Previous Year Until April 15 You have until April 15 […]
Taxes
Every tax season has its own quirks. No matter the year, it’s important to understand what might impact your taxes and stay on top of the situation. Tax season 2013 is underway, and it’s important that you realize that there have been some changes and delays to tax filing. On top of that, if you […]
With Hurricane Sandy causing concern, many are wondering what the latest natural disaster could mean for their taxes. When you suffer a loss due to a disaster, there is a good chance that you will be able to take a tax deduction for it. You need to fill out the right paperwork, of course, and […]
Later this week, I’m headed to the Financial Blogger Conference, being held in Denver. I look forward to an awesome weekend of meeting with fellow bloggers, and seeing a little bit of Denver, since it’s not a city I’ve spent a lot of time in. And I’m excited that it will be mostly tax deductible. […]
When many of us think of making charitable donations, we think of cash. However, it’s also possible to donate clothing, household goods, and other items to charity — and receive a tax deduction. Recently, I took almost $700 worth of clothes, shoes, and accessories to the local religious thrift store after cleaning out my closet, […]
Now that tax season is over, it’s time to get a jump on next year’s taxes. One of the reasons that tax season is so stressful is that many people end up leaving their documents organized all year. Additionally, many don’t keep up with what deductions and credits they are eligible for. Then, at the […]
If you haven’t started preparing your taxes, it’s time to get cracking. After all, Tax Day is less than a month away, on April 17, 2012. Whether you are preparing your own taxes, or whether you are getting help from an accountant, it can help to be organized. Make sure you have everything you need […]
The cost of health care continues to rise, and many find themselves falling behind as a result. You can’t stop health care costs from rising. It doesn’t seem to matter what legislation is enacted, or what steps are taken. However, there are ways to recoup some of your expenses. In some cases, you can deduct […]
One of the more unpleasant financial experiences that many people have is that of paying taxes. Many people with regular jobs manage to have the taxes withheld on their behalf, and owing taxes come the middle of April isn’t really an issue. And, for many of those who are self-employed, paying quarterly taxes can take […]
As the year draws to a close, it’s time to think about the best ways to reduce your tax liability. If you own a business, you have quite a few options to help you on your way to a lower tax liability. Make sure, of course, that you have kept good records, and that you […]