Posts from January, 2014

  • 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
  • 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
  • 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
  • You Received An IRS Notice. What To Do. Receiving a notice from the IRS can be daunting. Here’s some facts to eliminate the fear of the unknown. There are a multitude of reasons the IRS sends notices to millions of taxpayers per year. More times than not, a notice sent by the IRS is specific to one issue. The most ... Continue Reading
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