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Tax Deductions

Congress Passes Tax Extenders: What You Need to Know

Lisa Greene-Lewis, CPA | Posted 12.19.2014 | Money
Lisa Greene-Lewis, CPA

Yesterday, the Tax Increase Prevention Act of 2014 was passed by Congress, temporarily and retroactively extending more than 50 tax breaks that expired on December 31, 2013, meaning you and other taxpayers out there may receive a little extra holiday cheer this season.

Giving To Charity For The First Time? Read This First

WiserAdvisor.com | Posted 12.01.2014 | Money
WiserAdvisor.com

The holidays can inspire people to adopt a generous mood. You're thankful for the blessings you've received and want to pay it forward -- and you've also realized charitable giving can lower your taxes, as well.

8 End-of-Year Tax Tips You Won't Want to Miss

Lisa Greene-Lewis, CPA | Posted 11.19.2014 | Money
Lisa Greene-Lewis, CPA

2014 is quickly coming to a close. Before ringing in the New Year, take December to round out some quick and easy tips to lower your tax obligations and even boost your tax refund. And who doesn't want more money?

What You Need to Know About the Tax Extenders Up for a Vote

Lisa Greene-Lewis, CPA | Posted 12.15.2014 | Money
Lisa Greene-Lewis, CPA

Now that summer is officially over and the fall season has arrived, most of us are looking ahead to cooler weather, the holiday season and spending time with family. But there's one thing many of us may not be thinking about but should be: taxes.

Start Planning for the Future

Mark Steber | Posted 07.28.2014 | Business
Mark Steber

It is time to start planning for the future and the future of your taxes is in about 240 days. That is when the IRS is expected to start processing 2014 tax returns (assuming no late tax legislation changes or other IRS delays) and you will be able to file your taxes and receive your refund.

Filing for a Tax Extension? What You Should Know

MyBankTracker | Posted 06.15.2014 | Money
MyBankTracker

While time is ticking for you to complete your taxes, don't get so caught up trying to file that you make a mistake!

12 Home Deductions to Help Shrink Your Tax Bill

Michael Corbett | Posted 06.08.2014 | HuffPost Home
Michael Corbett

In the rush, you may be overlooking significant tax savings that homeownership can bring if you're planning to itemize your deductions this year.

Last-Minute Tax Talk for Parents

Neale Godfrey | Posted 05.26.2014 | Parents
Neale Godfrey

Whether you're a procrastinator, a denier or just anxious, here are tips for parents and families to remember now and suggestions to make subsequent filing years a little less stressful.

Big Tax Deductions for College Expenses

Terry Savage | Posted 05.19.2014 | Money
Terry Savage

Paying for college is costly. But there are some tax benefits that can help parents who are footing the bill, or students who are independent.

5 Easy Ways to Reduce Clothing Waste and Save Money

Emily Chen | Posted 05.03.2014 | Impact
Emily Chen

As clothing manufacturers and governments address waste in both the pre-consumer and post-consumer stages of the global textiles lifecycle, what can we easily do to reduce clothing waste -- and save money?

Oscar React: The Real 'Wolfs of Wall Street' Are Still Roaming Free

Dennis M. Kelleher | Posted 05.03.2014 | Business
Dennis M. Kelleher

To the extent that the movie implies that this relatively small time hustler was Wall Street's biggest, worst, most notorious or even a representative wolf of Wall Street, Leonardo DiCaprio and Martin Scorcese are howling up the wrong tree.

3 Myths About Buying Your First Home

Eric Roberge | Posted 04.08.2014 | HuffPost Home
Eric Roberge

A purchase that looks like a home run from the outside, may have actually resulted in a loss.

New Job? Tax Deductions for Your Job Search Can Save You Money on Your Taxes

Lisa Greene-Lewis, CPA | Posted 03.19.2014 | Money
Lisa Greene-Lewis, CPA

Many job search expenses are tax deductible, and knowing what job hunting deductions you qualify for and having your receipts in front of you when you file your taxes can save you some money when you file your taxes.

Santa's Tax Return

Mark Steber | Posted 02.19.2014 | Money
Mark Steber

Given that tax season is right around the corner, what could Santa expect when he files?

Don't Lose Your FSA Dollars

Mark Steber | Posted 02.03.2014 | Money
Mark Steber

You, and many American taxpayers, may be in danger of leaving some of your hard-earned money on the table and otherwise losing some tax benefits you otherwise deserve and can get quite easily.

I'm Thankful for Being a Tax Guy; What are You Thankful for?

Mark Steber | Posted 01.27.2014 | Business
Mark Steber

Since I'm a tax guy, I'm certainly thankful that I work in a field that keeps me engaged and always learning. And also, since I'm a tax guy, this Thanksgiving, let's look at some things to be thankful for from a tax perspective.

3 Business Tax Moves to Make Now

Mary Ellen Biery | Posted 01.25.2014 | Business
Mary Ellen Biery

Some big-dollar tax deductions that affect businesses are set to expire in 2013, so now's the time to make sure your company considers taking advantag...

Home-based Business? Five Ways to Cut Your Tax Burden Now

Allena Tapia | Posted 11.08.2013 | Small Business
Allena Tapia

You know what time of year it is, micro-businesses! You've faithfully kept your business records, and have estimated and paid your quarterly taxes throughout the year. But December is coming up, and that means it's time to close out 2013.

We Lost Our House, the Economy Crashed, and You Made a Fortune. How Much Do We Owe You?

Francisco Enriquez | Posted 01.23.2014 | Politics
Francisco Enriquez

The upcoming JPMorgan Chase settlement is expected to be the largest corporate settlement in Justice Department history. Unless the Justice Department prevents it, JPMorgan could heap billions of dollars right back onto the shoulders of taxpayers.

Veterans Day: A Look at Military Tax Benefits

Mark Steber | Posted 01.23.2014 | Money
Mark Steber

There is no more noble a contribution to society than participation in the service of the defense, perpetuation and safety of this country. The tax benefits that are in the law are yours and you have earned them. It is the least the country can do to thank you for your service.

National Breast Cancer Awareness Month: Tax Deductions

Mark Steber | Posted 01.23.2014 | Business
Mark Steber

October is a time we give additional visibility to the disease and those affected by it. But, what does any of this have to do with taxes? This is, after all my tax blog. So, let me tell you.

What You Need to Know About Education Tax Credit Considerations

Mark Steber | Posted 01.23.2014 | Business
Mark Steber

Are you taking a personal finance course or courses to learn how to better manage your portfolio or retirement planning? If so, you may be sitting on some very valuable tax credits.

IRS Introduces New Method to Make Calculating Home Office Deduction Simple

Mark Steber | Posted 10.21.2013 | Business
Mark Steber

One of the biggest tax law changes this year is a new method for computing the Home Office Deduction. So if you set up shop at home, you'll want to read on.

How Home Ownership Can Benefit You When You File Your Taxes

Mark Steber | Posted 10.12.2013 | Business
Mark Steber

Buying a home is a very big life and tax return event. I would like to take the time today to clear up some of the confusion around home ownership and its tax implications.

3 Uncommon Tax Credits & Deductions for Big Savings

SaveUp | Posted 10.07.2013 | Business
SaveUp

It's summertime, and taxes might not be foremost on your mind. However, there are some uncommon tax credits and deductions that can help families save. Did you know the price of summer camp is a potential tax credit?