Tax Blog

March 27, 2009
categorized as: Tax Deductions   |   Comments: 0 comments
Have you ever wondered what the difference is between a Tax Deduction and a Tax Credit? Read this informative article to understand the correct terminology and how it affects your Tax Return.

March 24, 2009
categorized as: Tax Deductions   |   Comments: 0 comments
Many taxpayers default to the standard deduction when preparing their federal tax returns simply because they do not understand the difference between the standard deduction and itemized deductions. Read this article to find out which is best for you!

March 19, 2009
categorized as: Tax Deductions   |   Comments: 2 comments
What is the difference between above-the-line and below-the-line deductions? “The line” in this case is your adjusted gross income, which determines your tax rate. Read this article to find out how best to deduct for on your tax return.

March 17, 2009
categorized as: Midwest Disaster Relief   |   Comments: 0 comments
Questions have been posed regarding why specific counties are included/excluded from the Midwest Disaster Relief legislation. Specifically, Kelly wants to know why Lake County, Indiana is not included. The answer lies with our elected representatives in Washington. I'm sure these wise folks had good reason and information when deciding what counties to include or exclude. Senators Evan Bayh and Richard Lugar should be able to address the Lake County, Indiana question.

March 16, 2009
categorized as: Tax Breaks   |   Comments: 0 comments
Your filing status has a HUGE impact on your tax return; not knowing how these life changing events impact your filing status can mean the difference between owing taxes and getting a fat tax refund. Read this article to find out which filing status is best for you.

March 11, 2009
categorized as: Tax Credits   |   Comments: 0 comments
With all the worries about Social Security, it is certainly wise to start your own retirement account. As an incentive, the IRS has put together a large retirement tax credit. Depending on your income and the amount you have contributed, you may be eligible for a credit of up to $2000. Read more to find out how to take advantage of this tax break.

March 9, 2009
categorized as: Tax Deductions   |   Comments: 5 comments
Is your home office your primary place of business? If so, find out how to accurately deduct business expenses on your Federal Tax Return. Read on for more info.

March 5, 2009
categorized as: Tax Deductions   |   Comments: 0 comments
Deducting property donated to a charity on your 2008 Federal tax return is a good way to reduce your taxable income and also lower the tax amount due. Read on to find out how to take advantage of this tax break.

March 2, 2009
categorized as: Tax Deductions   |   Comments: 0 comments
Have you ever been required to buy something for your job that is not paid for by your employer, such as uniforms, educational materials, and office supplies? Learn how to deduct these expenses on your Federal Tax Return by reading this article.