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  • Your Money Matters  By : michael dinich dinich
    With the cost of living increasing every year and frequent changes in tax laws, it has become increasingly difficult for people to make plans for the future. The problem with retirement plans is that, they are based on the principle and assumption that 10 or 20 years from now the cost of living will be higher by a given factor. With tax laws changing and the cost of living increasing erratically, it has become difficult to estimate how much a person should contribute towards his retirement fund.
  • Your Home Based Business Tax Deductions  By : james lowe
    A big advantage of working from home is the tax benefits of operating a home based business. Working from home allows you to deduct portions of bills that you are already paying to live there.

    You can deduct home expenses if you actually work in your home. It is easiest to do this if you have a room set aside for your business. Measure out how big that room is in proportion to the house, and you can deduct expenses using that percentage.

    For example, if your place of doing business takes up 5% of your house, you can deduct 5% of your heating expenses for the days you work. (In other words, if you don't work weekends, you can't deduct for weekends.)

    You can deduct items such as mortgage interest (though not your mortgage itself), electricity, telephone, insurance, and expenses for maintenance and repair. In general, you can deduct the portion of expenses that directly relates to your business.
  • Use Your House as a Tax Shelter  By : Mika Hamilton
    A good tax shelter is hard to come by, but the perfect shelter may be right in front of your eyes. Most people do not realize that that the government allows us to use our homes as a way of collecting a tax deductions, credits, and benefits.
  • The IRS Letter You Don’t Want to Receive  By : Rich Chappo
    Picking up the mail each day should not be hazardous to your health. That being said, there are a few letters you can receive which can raise your blood pressure. Getting one from the IRS that does not contain forms is surely the stuff of the end of the world.
  • The Advantage of Tax Software and How to Get It  By : Khieng Chho
    Tax is most often the bane of all profits.
  • Tax Refund – When Is It Coming?  By : Rich Chappo
    Well, you survived the tax deadline this year. Many people had to pay money to the IRS, but just as many had a refund do. If you fall in this group, you might be wondering when your tax refund is going to come.
  • Tax Preparation and Electronic Tax Preparation Options  By : Amber Lowery
    Using tax preparation software and online serivces can make doing your taxes much less of a headache. Learn all about it here!
  • Over Two Billion In Tax Refunds Unclaimed for 2003  By : Richard Chappoe
    Get a nice warm feeling when your tax refund check comes in? Well, you might want to check if you got it for your 2003 taxes. Over 2 billion went unclaimed and are about to expire.
  • New Laws on Donating a Car  By : Jessica Deets
    It is advisable for a car donor to discuss with his tax advisor before putting his efforts and acts together to donate a car. Donating a car is no longer treated as a very desirable tax deduction option with the new laws taking effect.
  • Last Minute Tax Filing Tips  By : Rich Chappo
    April 15th. Is there a day that makes American groan more? Yep, it is the annual tax filing deadline. Oh, the fun. If you have been procrastinating on your return, here is what you need to know.
  • Important Facts You Should Know Before Taking A Common Tax Deduction This Year!  By : Sam Peters
    Itemizing individual purchases that are tax deducible may seem to be too complicated or take a long period of time, but, the time to itemize tax deductions, like a Common Tax Deduction, is worth it for many taxpayers.
  • Give a Little and Get a Little with Charitable Tax Deductions  By : Angelina Pyrkins
    Giving to charity is a good feeling, and most people give freely without expecting anything in return. Even the most generous contributors will agree, however, that a break at tax time turns that good feeling into a great one.
  • Get Ready to Overpay Your Taxes...Again  By : Drew Miles
    Tax season is upon us again, and the majority of Americans will end up losing much more of their income to taxes than they need to. Start learning how to keep more of what you make with simple tax deduction strategies can save you thousands of dollars in taxes per year.
  • Decoding the IRS Dependent Rules! How Do I Know When to Claim a Dependent?  By :
    Taxes can be confusing to anyone, whether you’ve been paying the IRS for years or this is your first time. The IRS doesn’t have to be an "evil" entity, if you know how taxes work and where you can take deductions. This article looks at some of the general questions people have in regards to tax credits and how to deal with personal businesses.
  • Computerized Bookkeeping Is Fast, Simple, and Flexible  By : Ray La Foy
    More and more people are turning to computerized programs for keeping money in check. The reasons for this are many.

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