As you fill out your 1040 online and figure in your deductions, don’t forget some often over-looked deductions for caregivers. Catey Hill from Smartmoney’s The Tax Blog explains some of the lesser mentioned deductions that you can deduct from you 1040. Online, she titles her article “A Look at Tax Breaks for Caregivers,” posts it on the December 23, 2010 tax site, and brings in the new year with some smart advice.
How Will States Close Their Budget Deficits?
January 13, 2011 By
Elections are over and we’ve had some shake-ups at the state level. How will these changes affect state taxes? New Governors are coming in to office facing two big things: frustrated, over taxed citizens, and state budget deficits. What will this mean for state taxes? In a December 20, 2010 article from the Associated Press entitled “New Govs Take Office Amid Historic Budget Crisis” Beth Fouhy gives an overview of how things are looking in the different states.
Pay Less Interest if You Owe The IRS Money
January 1, 2011 By
The IRS has announced that, as of January first of 2011, they will be lowering their interest rates by 1% as opposed to what the rates were in this last quarter of 2010.
New Jersey State Income Taxes May Be Lifted for Retirees
January 1, 2011 By
Even though the budget is tight, New Jersey, in a not-so-surprising move, may lift New Jersey state income taxes off of retirees.
Why? The reason is that more and more retirees are determining where they will be spending their retirement years based on whether or not their states have income taxes.
Your Taxes and the Tax Cut Extensions
December 28, 2010 By
As you are trying to figure out your financial picture and the latest legislation on the extension of the cuts?
In an article published December 16th 2010 called “Highlights of the Tax Package Passed by the Senate” which was written by the Associated Press and published in the Bloomberg Businessweek, a quick and simple overview of the Senate’s tax package is presented.
Getting the Most out of Your Charitable Giving
December 28, 2010 By
From the Dickens’ Christmas Carol to the closing scene of “It’s a Wonderful Life,” charitable giving and philanthropy are themes of the Christmas season. It’s the time of year for giving.
However, charitable giving should not just be a spontaneous act; for financial reasons, it should be done with as much thought as any other financial decision.
Get a Bigger Tax Return This Year
December 21, 2010 By
We all want more back when we e-file. Americans still do not take full advantage of the tax deductions and credits that are available to them when they file their taxes.
In her January 27th, 2010 article that she called “Taxes: 10 Ways to Get More Money Back,” Lucy Norris of the Cookeville Times writes a brief overview of twenty ways to get a bigger return when you e-file. In this article, we’ll cover the first several of her savvy pointers.
Are you Owed a Tax Refund?
December 16, 2010 By
What if you could get a big check from the IRS for Christmas this year in the form of a forgotten tax refund?
Are You Owed Money by the IRS?
Often because of mailing address errors, more than one hundred thousand tax filers are owed money from the IRS, and in his November 24th, 2010 article, Jay Petrillo from the Examiner explains the present tax refund situation.
Wisconsin May No Longer Tax HSAs
December 16, 2010 By
In a recent press release, governor-elect Scott Walker has proposed to decrease the overall amount gotten through Wisconsin state income taxes by no longer taxing HSAs or Healthcare Spending Accounts.
Are You Missing Out On Some Tax Credits?
December 16, 2010 By
When you fill out your 1040ez online this year, make sure you’re getting the most back that you can.
Tax Credits You May Qualify For This Year
Although it’s easier and faster, many Americans lose big when they fill out their 1040ez because they just miss a few possible deductions and credits that they could get by using the 1040 form instead.
