Taxes

Tax Season Tricks to Get the Best Return

Taxes / By

Most people dread the process of filing their taxes. But maximizing your return with a few minor tweaks in the way you file could take a bit of the anxiety out of the process. Reevaluating your W-4, reconsidering your filing status, and claiming the earned income tax credit are just a few ways you can get the biggest return possible on your income taxes. So, stop dreading filing your taxes and start looking forward to a big return by following these simple tips.

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Hidden Write-Offs You Shouldn’t Forget in Your Taxes This Year

Taxes / By

For most taxpayers, reducing their annual tax burden is a major financial goal. According to the Internal Revenue Service, millions of Americans claim deductions on their taxes every year. Some examples of popular deductions include real estate taxes, home mortgage interest, charitable gifts, and local taxes. However, many taxpayers overlook a number of tax write-offs that could make a significant impact on their tax burden. Where applicable, consider applying the following tax deductions to your return this year.

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End-of-Year Tax Prepping: What Should You Do By December’s End?

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Most people are extremely busy from November through year end. The combined holiday season seems to get busier with Thanksgiving followed by purchasing Christmas gifts and putting up decorations. With all of the festivities, it can be easy to forget that tax season is just around the corner. By acting wisely and taking a few simple steps before year end you may be able to save a bundle on your taxes.

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IRS Civil Asset Forfeitures Targets Noncriminals

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n addition to the IRS targeting members of conservative organizations it appears that the IRS and other government agencies are targeting ordinary citizens for “Asset Forfeiture” which is another word for outright theft as there is no “due process” involved and the defendant is presumed guilty until proven innocent. In today’s post Matt Chilliak of Live and Invest Overseas describes this latest threat to our “Pursuit of Happiness”.

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Tax Saving Tips

Money Management, Taxes / By

Paying taxes can put a great burden on your family’s finances plus this is in addition to other major expenses like your children’s education and health costs. However, there are a lot of tax breaks and credits provided by the federal government, you can ease your tax burden significantly and save a substantial amount of

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Understanding the Deduction for Charitable Donations

Giving, Taxes / By

When you make a donation to a charity in the United States, it is often tax deductible. Helping organizations that depend upon generous donations to continue their good work can make you feel good. However, the fact that you can lower your tax bill by donating to charity even makes it worthwhile financially. Charity Donations are Tax Deductible

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Top 5 Personal Money Management Software Programs

Banking, Budgeting, Investing, Money Management, Taxes / By

Our everyday money management activities can get a bit overwhelming as it takes time and concentration to manage and keep an up-to-date records on our finances. Personal money management software takes the hassle out of this task and makes it much easier to get it done. Our monetary activities include budgeting, monitoring credit cards, retirement

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What You Need to Know About Deducting Travel Expenses

Money Management, Taxes / By

Deducting Travel Expenses- Do you use transportation for work or as a Volunteer? The IRS allows you to deduct many different types of transportation expenses, as long as you incur them while conducting business. While you can’t deduct your daily commute to and from work you can deduct many other travel expenses.  These expenses include airfare, car

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