Your Small Business Can Save Money with these Tax Write-Offs

Tax Write-Offs that Can Save Your Small Business Money

Whether you are self-employed out of your home or have an actual office with a couple of employees, the government considers you a small business, and what this means for you come tax time is (drumroll, please) write-offs.

Go ahead and do a little dance of joy, because small business write-offs can save you a ton of cash at tax time if you know what to look for. Here are a few possible things you might be able to write off, depending on the type of business that you run.

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Tax Advantages of Homeownership

5 Tax Advantages of Homeownership

People talk a lot about the pride of homeownership. While there is an emotional side to owning a home, there are also some financial benefits. Specifically, there are several tax advantages that homeowners can enjoy that renters cannot. Learn at least five tax benefits that you may be able to take advantage of as a homeowner.

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Tax Deductions for the Unemployed

5 Tax Breaks for Job Seekers

Looking for a job can be a draining experience – both emotionally and for your bank account. You have to update and print out copies of your resume. You need business cards. You have to drive to and from interviews, and sometimes even pay for parking. Not to mention, the costs you’ll incur if you decide to take any classes to better your skill set and increase your chances of getting the job you want. Thankfully, the US government knows just how expensive this process can be and offers many tax breaks for people searching for a job in their current field.

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Taxes: Start Planning Now for Next Year

Start Planning for a Happier Tax Day in 2012

Tax Day is April 18 this year – a date that most Americans look forward to about as much as getting a root canal. For too many Americans, the annual tax filing deadline is a flurry of stress, disorganization and anxiety. But the truth is, while Tax Day is never “the most wonderful time of the year,” it doesn’t have to be worst day of your life, either. Here are some ideas to help make next year’s Tax Day better. You can start today to make for a happier Tax Day in 2012

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Tax Breaks that Will Save You Money

8 Commonly Overlooked Tax Breaks

How many times have you finished your taxes and sent them off, only to hear later about a deduction that would’ve been perfect for you? Well, if you’re anything like me, that scenario has played out in your life more than once. Given the fact that it takes the Internal Revenue Service over 70,000 pages to explain the 2010 tax code, it’s understandable how you could miss a deduction or two along the line. Let’s highlight a few of the most commonly overlooked tax breaks.

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2010 Tax Changes that Affect You

6 Tax Law Changes that Affect You (and Your Wallet)

As almost all of us have discovered at one point or another, the Internal Revenue Service’s tax code is constantly changing. A tax credit that you’ve used for years might be snatched away from you. Or you could suddenly find yourself eligible for a new deduction that was just added to the books. Let’s take a look at some of the ways that the tax rules have evolved this year and how they might affect you.

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Tax Credits 101: Credits for Students

For most higher education students, the fall semester has come to a close. As the new year and another semester approaches, now is a good time to begin thinking about taxes. Yes… taxes. Students who are filing their own tax returns this year may qualify for higher education tax credits that can significantly reduce your tax burden, or possibly increase your refund. Learning about them now will save you from cramming later and maybe even missing out on some money to which you’re entitled.

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All I Want for Christmas Is… CASH!

Santa baby, slip a little envelope under the tree for me! Nothing says “I love you” like a hunk of cash to buy what you want when you want it. Cash (or check) makes the perfect gift and it is so easy to give – or is it? Unfortunately, lurking behind your tree is the mean and nasty Scrooge IRS ready to levy 35 percent gift tax on you if you are too generous this year! How can you avoid the Scrooge and still fill your family with joy on Christmas morning? Certified Financial Planner, Gelasia Steed, gives us the scoop.

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Need Cash? There May Be More Money Available in Your Paycheck

Could you use some extra cash from your paycheck now rather than waiting for your tax refund? Would you like to reduce a possible balance due on your 2010 Federal income taxes? You can make adjustments to your Federal Income Tax (FIT) withholding to increase the amount of money you get with each paycheck. But, the opportunity is NOW! You must take advantage before you receive your last paycheck for 2010. Certified Financial Planner Heidi Davis shows us how to access this available cash.

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