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Check Out Disability-Related Tax Breaks
A variety of tax breaks are available to help disabled taxpayers cope with the financial burdens of disability. Tax relief falls into three categories. First, many types of disability payments are...
View ArticleNew Business Law Includes Major Tax Breaks
It’s just in time for year-end tax planning: the Small Business Jobs Act, a new law that extends some federal tax breaks and enhances others. Here’s an overview of selected provisions: Section 179. You...
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Small Business Jobs Act of 2010 Includes Several Familiar Tax Breaks
If you are a small business owner who thought all the best tax breaks were behind you, think again. The recently passed Small Business Jobs Act of 2010 restores some familiar tax perks and adds a few...
View ArticleTax Tip Tuesday: 2010 Tax Relief Act Extends Tax Breaks
So what’s in the tax law enacted in late December? In general, the new legislation means many of the breaks you’re already familiar with will apply to your 2010, 2011, and 2012 returns. Here are some...
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Tax Breaks Can Help When Disaster Strikes
Tax breaks can help when disaster strikes You may be able to take an itemized deduction for part of your loss. In tax terms, it’s a “casualty loss,” and it can also apply to events such as a car crash,...
View ArticleWhat's New: Take Advantage Of Expiring Tax Breaks
A number of tax breaks are due to expire at the end of this year. Though Congress may renew some or all of them, there is no way of knowing if or when they will. As part of your year-end 2011 tax...
View ArticleNine Tips For Better Tax Recordkeeping
Did pulling your records together to complete your 2011 tax return reveal shortcomings in your system? Here are nine tips that can improve your recordkeeping and help minimize your taxes. 1. Maintain a...
View ArticleSome Tax Breaks Were Extended For 2012
Wondering what tax rules survived the fiscal cliff debates? Here are tax breaks you can still count on while preparing your 2012 federal income tax return. Educator expenses. If you’re a teacher and...
View ArticleManage Your MAGI To Preserve Tax Breaks
How close to the edge are you when it comes to tax phase-outs? As you begin your fall tax planning, consider the effects of these benefit-limiting provisions, many of which are based on modified...
View ArticleEducation Benefits Can Cut Your Tax Bill
Dorm, sweet dorm. After organizing your college student’s new digs, it’s time for an extra credit assignment: sorting out the education benefits you can claim on your 2013 federal income tax return. In...
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