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Deductions

Your Taxes: Deductions & CreditsTax deductions lower your taxable income. Tax credits provide a dollar-for-dollar reduction of your income tax liability.
Tax Planning For 2015It is very difficult to talk about money just days before Christmas but I am going to try.
How To Lower Your Tax Bill By April 15thHere are more things you can do to lower your tax bill come April 15th.
Section 179 Deductions For Small BusinessesNormally if you purchase capital equipment for your business you don’t get to expense the total cost of the equipment the year you buy it.
Tax Audit Red FlagsMost audits are simple paper audits where they send you a letter asking for supporting documentation.
Tax Education Credits and DeductionsCollege is very expensive, but Congress and the IRS have given us a few ways to offset education costs.
Year End Gifts To CharityMany people give to charity each year, especially during the holiday season, but there are some guidelines to follow.
Last Minute Tax Stuff You Can DoI don't know what Congress is planning to do regarding tax changes, but every year around the third week of December Congress decides to tweak the tax code.
Mid-Year Tax Planning For College GradsThere is tax planning for the recent graduate or their parents who want to give them advice.
Section 179 Deductions For Small BusinessesNormally if you purchase capital equipment for your business, you don’t get to expense the total cost of the equipment the year you buy it.
Those Small Business DeductionsThere are many deductions for the self-employed.
The Traditional IRAIRAs are a very useful tool for retirement planning but not enough folks are contributing to them that are eligible to use them.

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