Tax Deductions
The following is a guest post from Michael at Credit Card Forum. Yep, it’s that dreaded time of year again… tax time! And if you’re a small business owner, the process of doing taxes is especially arduous. Not only do you have to categorize all the business-related expenses from last year, but you also have [...]
Continue reading about What Does The IRS Say About Deducting Business Related Interest?
When you sell certain assets or investments that have appreciated in value, you may owe taxes on the increased value. The difference between what you paid for the investment and the amount you sold the investment is a capital gain and it is subject to capital gains taxes. However, if you lose money on an [...]
One of the biggest tax deductions most taxpayers will qualify for is the interest paid on their mortgage. Mortgage interest is tax deductible. Up to 100 percent of mortgage interest paid during the tax year can be deducted on your income taxes as long as your total mortgage balance is less than $1 million. In [...]
Continue reading about How To Deduct Mortgage Interest on Income Taxes
Here comes the end of the year! (Yikes, already?) As 2010 draws to a close, it is time for the annual publishing of the end of year tax tips articles. Or, for the mainstream media, it’s time to re-publish pretty much the same thing that was published last year, rehashing the same old annual tax [...]
Continue reading about Lower Your Taxes – Increase Tax Deductions 2010
As the end of the year races toward us, the opportunities to find and take advantage of tax deductions and loopholes to save money on income taxes are growing scarce. Fortunately, there are still plenty of tax saving strategies that you can implement even with just a few weeks to go until the end of [...]
Continue reading about End Of Year Tax Tips – Save Money On Taxes By Donating Clothing and More
Save more receipts. That is how to pay less money on your taxes next year. You wanted something more amazing didn’t you. So do most people, which is why they buy books and magazines and secret kits and then pay the same amount of taxes as they did last year. This year try something different. [...]
It’s 2009, do you know what the IRS mileage rate is?
