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How Much Money Do You Have to Make to File Taxes?
How much money do you have to make to file taxes?... What is the minimum income to file taxes?... These sort of questions have been asked over & over again on forums and message boards all across the web. ...
38 commentscan you have a 401k and an ira at the same time
If you have the financial wherewithall to have the option to fund both a 401(k) and an IRA you are taking serious strides in the right direction. The question often arises, though. WIth all the rules...
8 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 commentCommonly Overlooked Tax Deductions
Less than two weeks left until you need to mail off the old tax return (you have until April 17 this year, due to the weekend). If you haven't sent yours in, it's time to go over your return and make sure...
4 commentsCurrent Allowable Automobile Mileage Tax Deduction 2009, 2010
Another great advantage to itemizing your tax return is the deductions you can receive from claiming your vehicle mileage. There are many reasons that your mileage may be tax deductible. You can choose to...
1 commentList of Tax Deductions: Self-employment / Business
As a self-employed individual / business owner, you are allowed a laundry list of tax deductions. These are expenses that are necessary and relevant to your business. Every tax season business owners (small...
8 commentsCollege Tuition Tax Deductions for 2009, 2010
There are many questions when it comes to college tuition tax deductions. What is the tax benefit of the tuition and fees deduction? The tuition and fees deduction can reduce the amount of your income subject...
0 comments2009, 2010 IRS Standard Business Mileage Tax Deduction Rate
There has been a recent increase in the standard mileage tax deduction rate. It has increased from the previous 48.5 cents per mile to 50.5 cents per mile. This new increase took effect on January 1st, 2008. ...
0 commentsTax Deductible Home Improvements for 2009, 2010
If you have wandered into the land of home improvement projects, you’re in for some good news. Did you know home improvements are tax deductible? The trick is to know which improvements for the home are tax...
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