Deductions

End Of Year Tax Tips – Save Money On Taxes By Donating Clothing and More

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 …

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Section 179 Deduction 2009 Limits for Small Businesses, LLC, Sole-Proprietorships, and More

Updated Information for 2014 Section 179 Deduction Limits for Small Business Taxes has been published. Business tax deductions are important in order to offset high business taxes levied against small business owners and entrepreneurs. Business owners, particularly, single proprietors are often hit with high tax bills because of the Self Employment Taxes. Self-employment taxes, or …

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More Tax Deductions for Small Business Owners and Sole-Proprietorships

A great tax saving strategy, particularly for higher-income taxpayers is to start a small business. Many expenses that are not deductible for regular Federal Income Taxes are deductible to a business. For example, the mileage deduction is not deductible for personal driving purposes, and mileage driving to work is also not deductible. However, mileage driven …

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End of Year Tax Strategies – Calculate Dollar Amount of Tax Moves

Ah, November, when the American mind turns toward Thanksgiving, Christmas shopping, and strategies to avoid paying too much taxes. Yes, you should be doing tax planning year round to achieve the maximum savings on taxes, but reality isn’t always so kind. Still, there are some end of year tax moves that are smart and some …

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