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Be More Efficient With Energy, Get a Deduction

Did you invest in making your home more energy efficient last year? If so, you may qualify for a tax credit. If you bought new insulation, doors, windows…

Writing Off Self-Employment Expenses

If you’re self-employed, there’s a treasure trove of expenses you can deduct. There are all sorts of expenses you can deduct as a result of being self-employed. It’s…

What To Budget For In January

Budgeting the same for all the months is a pitfall. Here’s some things unique to January that you should be budgeting for. Christmas What? Already? Yes. Saving for…

You Received An IRS Notice. What To Do.

Receiving a notice from the IRS can be daunting. Here’s some facts to eliminate the fear of the unknown. There are a multitude of reasons the IRS sends…

How Kids Reduce Your Taxable Income

Children may raise your blood pressure but they can lower your taxes. Here’s how: Depending on your situation, there are a few ways children can lower your taxable…

Neglected to file a tax return? Here’s what to do!

Dealing with unfiled past taxes isn’t as stressful as it you might think. The longer you go without paying your taxes and filing a claim, the more expensive…

3 Criteria For Wisely Buying Holiday Gifts

A third of major retailers’ revenue comes from the last 2 months of the year. So obviously the Holiday season gets people to spend way more than usual.…

Sell Your Home for a Profit? No Need To Report It As Income?

If you sold your home this year for a profit, it may not be taxable income! In most cases, if your home has been your primary residence 2…

Deduct Your Health Savings Account

Deduct the money you put towards a Health Savings Account! Contributions you make to a Health Savings Plan are deductible and the withdrawals you make from it are…

Holiday Costs That Bite

Sure you’ve got an idea of what you’re gonna spend on Holiday gifts but what about all the costs that sneak up on you? Have you ever found…

4 Affordable Luxuries You Shouldn’t Afford

Looking for ways to ensure there’s some extra money at the end of every month? Cut out these 4 expenses. Just because affordable is in front of affordable…

Grandparents In A Prime Position To Help With College

Grandparents can help with college and lower taxable income. A grandparent helping their grandchild pay for college can be a win all around. When a grandparent that contributes…

Travel for Good, Save In Taxes

Travel expenses for charity help lower your taxes. The IRS allows you to deduct your expenses when traveling for a charity cause. However there are a few criteria…

Made a Bad Loan? There’s a Silver Lining!

So your friend was in a pinch and you thought they’d be good for it and they weren’t. It’s not all bad; you can lower your taxable income…

3 Common Budgeting Mistakes Businesses Can’t Afford To Make

Many businesses regularly overlook 3 common mistakes that wind up costing them dearly and obstructing their path to a successful venture. A lot of business owners go into…

Government Shutdown Delays 2014 Tax Season

How does the government shutdown impact the IRS? The 16-day government shutdown came at a pivotal time for the IRS as they were prepping their complex systems for…

Significantly Cut Taxable Income

Bundle expenses for itemized deductions. Will your itemized deductions for 2013 be right around the standard reduction amount? If so, you can bundle expenses for every other year…

It Pays To Get Paid Later

Deferring income could lower your taxes! If you work for yourself and pay your taxes in cash, it may be a good idea to hold off on sending…

What kind of income can’t be taxed?

Did you know anyone paid for babysitting has to report that income to the IRS? Or let’s say you and a neighbor want to trade cars, you’ll still…

The Best Way to Save for College

College tuition is rising. In fact, it has risen in costs 500% since 1985! It is outpacing inflation by 121%. Not only is it outpacing inflation but it…

Look for a Job, Find Tax Deductions

Looking for a new job isn't actually ‘taxing' after all. Did you know that you can deduct costs related to your job when you file? All the things…

Starting a New Business: What Are My Tax Obligations?

If you are starting a new business it's important you start out on the right foot with the IRS. You'll want to make sure you correctly identify how…

What to do if you get a notice from the IRS.

Deal with it now! If you've received a notice or letter from the IRS, it’s best to deal with it right away. The more letters they send out…

6 Things People Fail To Budget For

When you don't budget for reality, 1 of 2 things will happen: you'll come up short on paying for everything you've budgeted or you'll absorb the unexpected expense…