Tax Tips for First Time Filers

Tax Tips for First Time Filers Filing taxes for the first time? Don’t let all the experts and jargons overwhelm you. At the end of the day, if you understand some very basic points clearly, you shall pass this test as well. If you are out of the college or just took your first job, it [...]

2018-07-17T23:35:24+00:00March 27, 2018|Tax Preparation|0 Comments

Un-reimbursed Employee Business Expenses

Un-reimbursed Employee Business Expenses Paying more taxes is something that not many of us are fond of. If one pays close attention, there are a lot of ways by which you can reduce your tax liability. And yes, these are all legal ways which the IRS has outlined. For individuals who end up spending some [...]

2018-07-17T23:35:24+00:00March 23, 2018|Deduction & Credits|0 Comments

American Opportunity Tax Credit

American Opportunity Tax Credit Tax credit systems are in place to let tax payers deduct a certain amount from their tax liability to the state or federal government based on different programs. One such initiative is the American Opportunity Tax Credit, or commonly known as AOTC. This tax credit system is designed specifically for college [...]

2018-07-17T23:35:24+00:00March 20, 2018|Deduction & Credits|0 Comments

Mortgage Insurance Premiums

Mortgage Insurance Premiums Mortgage insurance in the simplest of terms is the backup plan for a lender. In the unfortunate event that the borrower is unable to repay the loan, the lender can cash in the mortgage premium and recover the losses. However, there is more to it than what meets the eye. Here are [...]

2018-07-17T23:35:24+00:00March 16, 2018|Investment & Income|0 Comments

Medical & dental expenses, Medicare premiums in My Taxes

Medical & Dental Expenses, Medicare Premiums in My Taxes Well, it would be a bit of a stretch to say that most of us don’t want to pay taxes. However, who wouldn’t take a tax deduction if it is available? For all those individuals who are looking out for different ways by which they can [...]

2018-07-17T23:35:24+00:00March 13, 2018|Deduction & Credits|0 Comments

Top 10 Self-Employed Tax Questions and Its Answers

Top 10 Self-Employed Tax Questions and Its Answers A lot of us fancy having our own business. The idea of being your own boss is quite a strong motivating factor. But there is no denying the fact that you have to take care of most of the factors in self-employment. Here are the top 10 [...]

2018-07-17T23:35:24+00:00March 6, 2018|Tax Preparation|0 Comments

Tax Saving Tips for Contractual and Project Based Employees

Tax Saving Tips for Contractual and Project Based Employees Being a contractual or project based employee has quite a few benefits when it comes to taxes. For an instance, you are eligible for a few tax deductions without even having to itemize the same. The following are some great ways of saving money on tax [...]

2018-07-17T23:35:24+00:00March 3, 2018|Deduction & Credits, Tax Planning|0 Comments