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How Health Savings Accounts Can Reduce Health Care Costs
In a previous Hub, Health Savings Accounts - A Solution to the Health Care Crisis. I described how Health Savings Accounts work. In the interests of space and desire to focus on how the Health Savings...
4 commentsTax write-offs for employees
Many people think that because they are an employee they have nothing to write off come tax time. They know that if they were self employed they would have all sorts of tax write offs, but are not taking...
0 commentsPay slips and Pay stubs
On payday, you typically will get a paystub or payslip from your employer. The paystub or payslip is a document that informs the employee that their paycheck has been deposited into their account via direct...
0 commentsThe Difference Between a Tax Deduction and a Tax Credit
There are two ways of lowering how much you owe the Federal government when it comes to taxes: the tax deduction and the tax credit. Understanding the difference between the two can be helpful for many people,...
1 commentTax Deductible Medical Expenses for 2009, 2010
If you would like to deduct medical expenses from your tax return you will not be able to take the standard deduction. The only way to claim medical expenses is if you itemize tax deductions. You may be...
0 commentsFederal Income Tax Medical Expense Deductions for 2009, 2010
When itemizing your medical deductions, it is important to know what qualifies and how much you can deduct. You can claim deductions for medical expenses for yourself as well as medical expenses for any of...
1 commentThe most frequently-missed tax deduction
Discover the number one tax deduction most Americans miss, find out why, and learn how you can use it in your life. Save money, and stop subsidizing things like human torture, domestic warrant-less wiretapping, and other unconscionable forms of treason... all at the same time.
2 comments3 Logical Fallacies
Bad polling data, smoking bans, gambling superstitions, and causes of fires, all seemingly unrelated, but are they? Whenever these issuses are discussed it is easy to fall prey to logical sophistry....
0 commentsIrs Self Employed Tax Deductions & Write Offs 2009, 2010
The IRS gives detailed rules and instructions for self employed persons’ tax deductions and write offs. To distinguish between the two, let’s try to be clear. Usually a write off is considered to be a...
1 commentWould you mind pay income tax on withdrawal from PF after implementation of new tax code
With an objective to improve the efficiency and equity of the Indian Tax System by broadening the tax base through minimizing the exemptions, remove the ambiguity in the law and checking the erosion of...
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