tax deductions

5 Strategies To Save You Money This Tax Season
7 Mistakes to Avoid on Your 2012 Tax Return
By Rick Rodgers, CFP Every year, our politicians talk about the need to simplify the tax code and every year they make it more complex. The average taxpayer will spend an estimated 23 hours completing their return. Eighty percent of taxpayers will hire someone to do the work, or buy tax software, even though 64 […]
Using a Car for Business? Grab These Deductions
Whether you’re self-employed or an employee, if you use a car for business, you get the benefit of tax deductions. There are two choices for claiming deductions: 1. Deduct the actual business-related costs of gas, oil, lubrication, repairs, tires, supplies, parking, tolls, drivers’ salaries, and depreciation. 2. Use the standard mileage deduction in 2012 and […]

Top 8 Ways Children Lower Your Taxes
Look Out for these New Tax Breaks
As you prepare your taxes for 2010 take a close look at some of the new tax breaks afforded to you; some have changed since 2009 but you’ll still be able to save money this year. It can get very confusing so use this as an easy guide but also continue to investigate yourself or […]