Anyone who is filing taxes should ask the right questions that may benefit them in the long run, such as what are tax exemptions and what do they need to qualify? Understanding them can help you reduce your tax liability. What Are Tax Exemptions? | Learn Its Definition and More In This Article: How Do Tax Exemptions Work? Tax Exemptions for Individuals Tax … [Read more...]
Mortgage Interest Tax Deduction
The mortgage interest tax deduction is important for anyone who owns a home. If you have a mortgage, you may qualify. Many, though, are not able to maximize it. Learn how to claim it with mortgage interest deduction explained. Mortgage Interest Deduction | Learn the ABCs What Is a Mortgage Interest Deduction? How Does Mortgage Interest Tax Deduction Work? … [Read more...]
Work From Home Tax Deductions | What To Write Off
Are you afraid of raising any red flags when you miss indicating the work from home tax deductions on your tax returns? When it comes to filing taxes, there must be no stones left unturned. Otherwise, this may raise suspicion. Here's a guide on how you can calculate home office deduction and properly settle your dues without fear of an Internal Revenue Service audit. Work from … [Read more...]
What Can You Write off on Your Taxes [INFOGRAPHIC]
Do you wonder what can you write off on your taxes? There are indeed some items you can write-off on your taxes if you have a business. We just need to determine what these are so we can reduce our taxes. In this article, we give you some examples of things you can use to lower your taxes. 5 Things You Can Write-Off From Your Taxes Click here to jump to the … [Read more...]
81 Ways to Save Taxes All Year Round
Tax Day may be months away, but it’s never too early to learn how to save taxes. You don’t have to be a tax genius. Even small things like keeping receipts and taking lunch meetings can save you a nice buck or two. So sit back and relax, we’ve got a list of 81 ways to reduce taxes. How to Save Taxes in 81 Easy Steps 1. Alert Your Broker About which Shares to Sell While … [Read more...]