When filing your taxes you are probably shocked at how much you pay in income taxes. However, have you ever wondered what the average American is paying? Today, we have performed some research to see how the numbers add up around the nation. The IRS is Collecting More The economy is now recovering,
Unbelievable Tax Deductions
When it comes to taxes, we all know that there are numerous deductions and credits available. However, what you may not know is the number of unbelievable tax deductions there are. Today, we are covering the most unbelievable tax deductions. Gastric Bands Many Americans may feel as though Gastric
Nannies and Taxes – What You Need to Know
Nannies can become confused when it is time for them to file their taxes. Therefore, today we are discussing what nannies need to know about taxes. You Are Responsible for Reporting Your Earnings In the event that you do not receive a W2 from your employer, you are still responsible for reporting
The Most Overlooked Tax Credits
Tax credits are very beneficial to taxpayers because they can help you cover family expenses. Today, we are discussing the most overlooked tax credits. Educators' Credits There are a few educators’ credits available to help parents and students pay for post-secondary education. We all know that
Benefits of the Child Tax Credit
If you have children, it is beneficial for you to see if you are eligible for the child tax credit. Today, we are going to be discussing some of the benefits that come along with the child tax credit. Reduces Your Tax Liability If you are eligible to receive the child tax credit, you can lower
Three Tax Deductions You Do Not Want to Overlook
Most people just want to get their taxes filed so they can get it done and over with. However, you never want to rush through your tax return or you could be giving away your hard-earned money. Today, we are discussing some tax deductions that you do not want to overlook to try to help you keep the
5 Surprising Things That Are Taxable
Many people think that they know everything that they have to pay taxes on. However, today we are here to show you five surprising things that are taxable that you were more than likely unaware of. Buried Treasure – Let us say you find some gold coins or you purchase something from a thrift store
How to Decrease Your Tax Bill by the End of the Year
While it is true that the end of the year is going to be here in less than two weeks there is still time for you to make some changes to decrease your tax bill. Today, we are covering how to decrease your tax bill by the end of the year. Give Securities to Charity You may have enjoyed doing the