Many people who receive a tax refund thanks to the student loan interest deduction will go and spend the money on a fun trip or something that is frivolous but that they have wanted...
Posted by Shabnam Merali on 03/02/2016
Most taxpayers would consider a vehicle or car a necessary part of everyday life, including the expenses that go along with it. As such, it might be worth tracking your vehicle expenses,...
If your employer does not offer a retirement savings plan, it can be difficult to take the next step to begin the process of saving. However, the U.S. Treasury Department is now offering...
Posted by BHATIA & CO, INC, CPAs on 02/23/2016
Saving for retirement can be difficult, especially when the cost of living and student loan payments quickly eat up your paycheck. However, the U.S. Treasury Department is now offering...
Posted by Allan J Rolnick, CPA, CTC on 02/23/2016
There are a lot of good options that you should consider when it comes to your retirement. IRAs are one of the best options for many people, especially if you are able to get your...
When its tax time, reducing your tax liability means making sure that you have received all your credits and deductions. Many individuals are concerned about itemizing deductions,...
Many tax payers choose to contribute each year to their health savings accounts. This allows them to have money for those expensive medical bills as they get older. But once you turn...
All income is taxable unless a law specifically says it isn’t. Here are some basic rules you should know to help you file an accurate tax return:Taxable income. Taxable income...
Posted by Salter Elite Consulting on 02/16/2016
Medical expenses can be deducted from your federal tax return as much as they exceed 10% of your annual gross income. Most people are aware of the common medical expenses...