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Posts from January, 2014

  • Deducting Healthcare Costs If you incurred a significant amount of healthcare and dental cost costs last year, you may be eligible for a deduction when making your itemized deductions. There are several things that you can deduct provided your healthcare costs were over at least ten percent of your ... Continue Reading
  • Claiming Your Parents as Dependents If you’re taking care of a parent in their sunset years, you may be able to claim them as a dependent. It doesn’t have to be a parent per se, it can be a family member that you are giving care to. It can be a family member such as an aunt or uncle. Obviously you’ll need to ... Continue Reading
  • Writing Off Self-Employment Expenses If you’re self-employed, there’s a treasure trove of expenses you can deduct. There are all sorts of expenses you can deduct as a result of being self-employed. It’s important to note that even if you’re a full-time employee at a company but have a business on the side you ... Continue Reading
  • Be More Efficient With Energy, Get a Deduction Did you invest in making your home more energy efficient last year? If so, you may qualify for a tax credit. If you bought new insulation, doors, windows and/or roofing that improved the efficiency of your home, you may be able to get a credit of up to 10% of your costs. If ... Continue Reading
  • What To Budget For In January Budgeting the same for all the months is a pitfall. Here’s some things unique to January that you should be budgeting for. Christmas What? Already? Yes. Saving for Christmas starts now because the alternative is paying off the previous Christmas. Saving for Christmas is much ... Continue Reading
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