Electric or Plug in Vehicle Tax Credit

Electric or Plug in Vehicle Tax Credit

Driving a vehicle that is good for the environment can also prove to be good for your wallet. Plug in vehicles, both cars and trucks, are available for a tax…

Tax Breaks for Health Insurance

Tax Breaks for Health Insurance

Health insurance is one of the largest costs that most people deal with on a monthly basis other than mortgage. Health insurance for those who are self-employed is normally higher…

Damage and Theft Related Tax Claims

Damage and Theft Related Tax Claims

When you go through a loss of property, whether through theft or natural disaster, the first thing you think of may not be the ability to use the lost property…

Job Search Expense Tax Deductions

Job Search Expense Tax Deductions

Many have been having a hard time finding a job position in an economy that has been experiencing a recession. Job related expenses may seem negligible, but for those with…

Tips for Avoiding an IRS Audit for Charitable Giving

Tips for Avoiding an IRS Audit for Charitable Giving

Taxpayers have a general inclination towards overstating their charitable contributions & gifts, compared to their income levels .This tendency can prove detrimental at raising the suspicion of the IRS and…

Deducting Rent Payments

Deducting Rent Payments

Keywords that should come to your mind is “reasonable in amount”.   If you are renting from your family or friends than you should ensure that rent is a reasonable amount. …

Charitable Contribution and Tax Deduction

Charitable Contribution and Tax Deduction

Giving is part of Christmas and most holidays for that matter. It is tradition across the world for people to exchange gifts during holidays and other important days of the…

A To Z Of Home Office Tax Deductions

A To Z Of Home Office Tax Deductions

If you have a home based business you can save money by availing home office tax deductions. The IRS allows you to save money on insurance, mortgage, repairs and other…