Rental property Depreciation Explained

Rental property Depreciation Explained

  The main reason for anybody to invest in real estate is to save taxes. However, it is important to know the rules and regulations that govern real estate so…

Summertime child care expenses might result in Tax Savings

Summertime child care expenses might result in Tax Savings

Children lesser than 13 years of age require adult support and care, during their summer vacations. Parents who are working or looking for employment opportunities must enroll their kids at…

New York Times gets so- called “Cadillac Tax” wrong

New York Times gets so- called “Cadillac Tax” wrong

Healthcare-Now! is an online portal that specializes on the health schemes of US and helps the people to understand the schemes better and ways to access the same. Recently it…

How to fix taxes – after you file

How to fix taxes – after you file

There are chances of mistakes to happen while filing an income tax return. In the hurry to file tax returns, people may tend to miss out basic details and realize…

Three annuity mistakes to avoid

Three annuity mistakes to avoid

The recently concluded Market Watch Retirement Adviser Event held in New York, gave some basic insight into dealing with annuities and what are the mistakes to avoid while doing so….

Your marriage and the IRS

Your marriage and the IRS

Whoever said that the marital status does not impact tax rates needs do a rethinking. Here are the details of how staying married affects the tax process in a big…

Tips to Maximize Tax Savings

Tips to Maximize Tax Savings

You may be working hard and earning big money but what is the use when you have not planned your taxes properly? Not planning for tax payments is as good…

Tax Rules for Independent Contractors

Tax Rules for Independent Contractors

Are you clear about you employment status – whether you are an employee or an Independent Contractor (IC)? If you are not sure, then it is good that you check…

Tax Rules for Hobbies and Businesses

Tax Rules for Hobbies and Businesses

If you are a regular tax payer probably you would be ware of the fact that tax payers treat hobbies and businesses in a different way. For starters, this article…

Million Dollar Homes and Tax Audits

Million Dollar Homes and Tax Audits

Do you own a home for which the mortgage is more than $ 1 Million? If yes then it is a wise idea to check how much mortgage interest you…