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Tax Tips

Year-End Tax Tips and Strategies

Tweet New taxes are likely to show up over the next few years as America wrestles with its deep debt and as the impact of national healthcare kicks in. To

Tax Tips

Tips for Maximizing Your Schedule A Tax Deductions

Every American has an obligation to pay his or her share of income taxes, but there is no need to overpay!

Tax Tips

Tax Deadlines: Don’t Ever Miss Them!

It’s tax season! Yes, we’re in that time of year when companies are scrambling to issue 1099, W-2 and other tax forms and taxpayers are deciding whether to buy a tax software program or find a professional to handle the job for them.

Tax Tips

Home Office Income Tax Deductions

If you have a home office, the IRS allows you to take deductions whether you’re self-employed or an employee. You must use that office exclusively and regularly for business needs and not for other purposes such as a den or bedroom, although certain businesses like daycare have different rules.

Tax Tips

Income Taxes: Deducting Health Related Expenses

If you itemize your tax return, you can deduct health insurance and related costs when you file your return. Medical expenses of all kinds can be deducted ranging from visits to your physician, hospital costs, dental, vision and certain wellness programs.