Taxes

Everything You Need to Know About the Saver’s Tax Credit

Everything You Need to Know About the Saver’s Tax Credit

Taxpayers who are funding a retirement savings vehicle have a couple of ways to benefit from those contributions. They can claim the deductions that are applicable. They can also take an additional credit called the Qualified Retirement Savings Contributions Credit (also known as The Saver’s Credit). It was designed and implemented for lower and middle-income Americans. It was created to […]






by February 7, 2017 0 comments Taxes
6 Ways to Reduce Your Chances of a Tax Audit

6 Ways to Reduce Your Chances of a Tax Audit

Tax time is tough enough without having an audit to deal with after you submit your return. Yet, the truth is that you can never safeguard yourself against an audit entirely. That is true whether it’s a business or an individual return. However, there are precautions that you can implement to put your best foot forward with the IRS. You […]






by February 6, 2017 0 comments Taxes
Guide to Choosing the Best Tax Preparer

Guide to Choosing the Best Tax Preparer

Face it: the average person is not a tax professional, so you probably aren’t either. Yet every year you decide to take on the complexities of the tax code all by yourself. Sometimes, it is to the detriment of your finances. It’s no secret that the tax laws can be downright impossible to navigate with their constant updates and changes. […]






by February 3, 2017 0 comments Taxes
Getting Married and Your Taxes: 9 Things You Should Know

Getting Married and Your Taxes: 9 Things You Should Know

Now that you have tied the knot, congratulations! As you might have guessed there are going to be a lot of changes in your life. These adjustments include how you file your income taxes. The way you file and the many possible benefits that you may be able to claim are just the beginning of it. You and your spouse […]






by January 31, 2017 0 comments Taxes
A Beginners Guide to Filing Your Taxes

A Beginners Guide to Filing Your Taxes

As the old saying goes, the two things you can always count on in life are death and taxes. The first one is probably (hopefully!) a long way off. However, the latter has probably snuck up on you all too quickly. First-time filers often get intimidated by tax time because there are so many different forms. The penalties for filing […]






by January 30, 2017 0 comments Taxes
Understanding Commonly Used Tax Loopholes

Understanding Commonly Used Tax Loopholes

The tax code. Hardly the stuff of breezy beachside reading. Those who do sit down and explore every nook and cranny of its complexities will find a litany of tax loopholes. Individuals and corporations alike can (and do) exploit them for the purposes of paying as little as possible to Uncle Sam. However, the tax code is constantly evolving and […]






by January 19, 2017 0 comments Taxes
Tax Deductions for Business Use of Your Home

Tax Deductions for Business Use of Your Home

Working from home. For some it’s a dream come true. The ability to go to work without having to contend with morning and evening traffic on a soul-crushing commute back and forth five days a week. Not to mention avoiding strange and annoying co-workers who may serve to hinder instead of help you get your work done each day and […]






by December 16, 2016 0 comments Taxes
Common Tax Deductions for Job Search Expenses

Common Tax Deductions for Job Search Expenses

They say that it takes money to make money. Unfortunately, when you don’t have much of it to spend, finding a job can become that much more of a challenge. A job search is not only time-consuming, but it can be a real drain on your finances.  When you don’t have a steady income, then you’re left with the unenviable and frustrating […]






by October 22, 2016 0 comments Taxes
Top 10 Tax Deductions for Landlords

Top 10 Tax Deductions for Landlords

Paying taxes. No one likes to do it but we all have to contribute our fair share in this country. Luckily, the government tax code grants us a litany of deductions to help ease the tax burden each of us is responsible for every year. Many individuals and businesses have a number of options that allow for deducting certain expenses […]






by October 17, 2016 0 comments Taxes
What You Should Know About the Presidential Candidates’ Tax Plans

What You Should Know About the Presidential Candidates’ Tax Plans

This has been one of the most contentious and unusual election cycles in modern U.S. history. Whatever your opinion might be of the two candidates, Hillary Clinton and Donald Trump have run highly disparate campaigns that have brought on criticism from both sides of the aisle. For Trump, it’s his inability to stick to a position on just about any […]






by September 26, 2016 0 comments Taxes