Blog

Tax Tips

If you incurred a significant amount of healthcare and dental cost costs last year, you may be eligible for a deduction when making your itemized deductions.

There are several things that you can deduct provided your healthcare costs were over at least ten percent of your yearly gross income:

Posted January 28, 2014
Tips

If you’re taking care of a parent in their sunset years, you may be able to claim them as a dependent.

It doesn’t have to be a parent per se, it can be a family member that you are giving care to. It can be a family member such as an aunt or uncle.

Posted January 28, 2014
Tips

Did you invest in making your home more energy efficient last year? If so, you may qualify for a tax credit.

Posted January 28, 2014
Tips

If you’re self-employed, there’s a treasure trove of expenses you can deduct.

There are all sorts of expenses you can deduct as a result of being self-employed. It’s important to note that even if you’re a full-time employee at a company but have a business on the side you can still deduct those expenses.

Posted January 28, 2014
Tips

Budgeting the same for all the months is a pitfall. Here’s some things unique to January that you should be budgeting for.

Posted January 4, 2014
Tips

Receiving a notice from the IRS can be daunting. Here’s some facts to eliminate the fear of the unknown.

There are a multitude of reasons the IRS sends notices to millions of taxpayers per year.

More times than not, a notice sent by the IRS is specific to one issue. The most common reasons are:

Posted January 4, 2014
Tips

Children may raise your blood pressure but they can lower your taxes. Here’s how:

Depending on your situation, there are a few ways children can lower your taxable income.

Posted January 1, 2014
Tips

Dealing with unfiled past taxes isn’t as stressful as it you might think.

Posted January 1, 2014
Tips

A third of major retailers’ revenue comes from the last 2 months of the year. So obviously the Holiday season gets people to spend way more than usual.

Posted December 23, 2013
Tips

If you sold your home this year for a profit, it may not be taxable income!

In most cases, if your home has been your primary residence 2 out of the 5 years you’ve owned it, you may not have to report it as income. Usually, you don’t have to report up to $500,000 dollars for joint returns—$250,000 for individuals.

Posted December 21, 2013