With Thanksgiving just around the corner, taxes are probably not first and foremost in your mind right now, but there are some smart moves you can make between now and the time the big ball drops in Times Square that will make a real difference with it comes time to deal with the IRS next […]
Rising Prices Mean Lower Taxes
Think there’s nothing good about paying higher prices at the grocery store and at the pump? Well, as it turns out higher inflation can lead to lower taxes… Questions or comments about this video? Just click the comment link below. Your email address, although required to post here, will never be published on our site, […]
Year-End Tax Moves To Make Now
If you been in a mall or big box store lately, you’re already being reminded that the holiday season is just around the corner. But now is also the time you should start making plans for the end of year tax moves… Questions or comments? Just use the comment link below to sound off. Your […]
10 Tax Tips If You Are Selling Your Home
Selling your home and moving can be expensive, but many of the costs may be deductible. The IRS offers 10 tax tips on deducting some of those selling expenses or profits. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for […]
How to Calculate the Cost Basis of Your Home
When you decide to sell your home, you need to know what the cost basis of the home is, because it needs to be noted on your income tax return for the year you sell your home. When you are considering selling your home, taxes are probably not the first thing on your mind. Taxes […]
Tax Differences Between Buying and Renting
Owning your own home is part of the American dream. But according to a recent Wall Street Journal article, owning a home is not always the best idea. Some Americans who cashed in on the $8,000 first-time home buyers credit before it expired in April 2010 got a bad deal. The credit pushed up sales […]
Turning a Vacation Into a Tax Deduction
You know what’s better than a vacation? Having Uncle Sam pay for part of it. Stacy Johnson explains… Questions or comments? Use the comment link below to sound off.
The Mortgage Deduction: Sacred or Superfluous?
As our country faces possibly the biggest budget crisis ever, the Obama Administration has created a deficit commission charged with discovering the best ways to bring down the national debt. It has come up with a plan to cut our $3 trillion dollars in debt over the next decade. One of the proposals this commission […]
3 Smart Ways to Spend Your Tax Refund
We’ve all been guilty of it – we get a big tax refund check and run out to buy that big-screen plasma television we’ve been wanting, or take a trip to Mexico, or that new sofa you’ve been dreaming of adding to your sun room. Spending your tax refund check this way is one of […]
Is Your Tax Preparer Qualified?
The following is a guest post from Richard Barrington who writes for MoneyRates.com about financial topics including bank rates. His opinions do not necessarily reflect those of our company. Before you think about how qualified your tax preparer is, think about what’s riding on your tax return. On the upside, good tax advice can save […]