car deduction

How to Make Tax Deductions for Cars and Trucks ?

Cost of operating a truck, car or other kind of automobile is tax-deductible when moving and relocating or driving for medical, business or charity purposes. The deduction made corresponds to…

premium tax credit

Premium Tax Credit

Premium Tax Credit Recently, the U.S. government has made some adjustments to the way health care coverage plans are administered to the people. One of these adjustments became feasible in…

tax shelter for business

Tax Shelter Ideas

Tax Shelter Ideas for Small Business Owners In general, a tax shelter refers to a program which allows business enterprises or individuals to either defer or reduce payment of income…

child care tax credit

Child Care Tax Credit

Child Care Tax Credit and Its Advantages Children on their own are miracles. They make life more exciting and put a smile on your face every single day. In addition…

Am I Going To Have To Work Forever Because I Am Self-Employed?

Am I Going To Have To Work Forever Because I Am Self-Employed?

When you are self-employed you rely on yourself to pay your paychecks and insurance. Without any employer, retirement funding and saving falls on you entirely. That can be a lot…

Strategies To Reduce The Net Investment Income Tax

Strategies To Reduce The Net Investment Income Tax

The goal of planning ┬ánet investment income tax (NIIT) is to manage the adjusted gross income and net investment in order to reduce the total amount subject to federal tax….

Tax Provisions That Expire In 2013

Tax Provisions That Expire In 2013

There are many tax provisions that are scheduled to expire at the end of 2013. You should consider taking advantage of these provisions while they exist. Tax Breaks For Individuals…

Education Tax Deductions and Credits Can Help Save You Money

Education Tax Deductions and Credits Can Help Save You Money

The cost of college is always increasing; however, there is some relief with education tax deductions and credits. Qualified education expenses may be deducted for your dependents, yourself or your…

Interest is taxable but often overlooked

Interest is taxable but often overlooked

Any interest that the tax payer receives directly, or through a credit in his account and is of the nature that it can be withdrawn at a future date without…

Obama Care Explained in Plain English

Obama Care Explained in Plain English

The US President, Barack Obama and the Congresss, signed an agreement in the year 2010 to bring Obamacare into practice. This is a health insurance scheme initiated by the President,…