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Posts from October, 2013

  • What kind of income can’t be taxed? Did you know anyone paid for babysitting has to report that income to the IRS? Or let’s say you and a neighbor want to trade cars, you’ll still have to pay taxes on what the fair market value of the car you bartered. But not all income is taxable. Here are some examples of ... Continue Reading
  • Significantly Cut Taxable Income Bundle expenses for itemized deductions. Will your itemized deductions for 2013 be right around the standard reduction amount? If so, you can bundle expenses for every other year and claim the standard deduction in the in between years. Over two years, this will ... Continue Reading
  • The Best Way to Save for College College tuition is rising. In fact, it has risen in costs 500% since 1985! It is outpacing inflation by 121%. Not only is it outpacing inflation but it has eclipsed rising healthcare costs by 286%! Yikes! The average student goes in debt for about $20,000 and 8% of students ... Continue Reading