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Tax Day 2017: Important Dates To Be Aware Of
By Mario McKellop Tax Day is almost upon us and millions of Americans will be rushing to get their returns to the Internal Revenue Service by the federal deadline. However, before becoming too...
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Tax Deductions: What You Need To Know For 2017
By Mario McKellop According to the Internal Revenue Service, one in seven Americans waits until the week of April 15 to file their income tax returns. While the process can be anxiety-inducing, there’s...
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How Student Loan Debt Can Affect Your Tax Return
By Mario McKellop According to Forbes, the average college student graduating in 2016 will leave academia with a degree and $37,000 in student loan debt. While finding a way to pay back that debt will...
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7 Unusual Tax Deductions You May Qualify For
By Mario McKellop Most Americans are aware that expenses related to the purchase of a new home and relocating are eligible for tax deductions. However, the four million word document that governs the...
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Tax Tips For New Parents
By Mario McKellop The birth of a child brings a number of changes in the life of a couple. One of the many significant life changes new parents experience is the impact having a child has on their tax...
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Eight Tax Moves That Could Save You Money
Photo Courtesy of Simon & Schuster Beth Kobliner is a personal finance commentator and journalist, and the author of the New York Times bestseller Get a Financial Life: Personal Finance in Your...
View ArticleThe “Dirty Dozen” Tax Scams Of 2014
(CBS MoneyWatch) The IRS has a warning for Americans — watch out for tax scams. Every year the agency releases a “Dirty Dozen” list of the worst tax scams out there. This year, identity theft and...
View ArticleDisappearing Deductions Cost Taxpayers
(CBS MoneyWatch) Changes to tax laws last year reinstated some income-based phase outs of some widely used personal exemptions and itemized deductions, leaving many taxpayers with higher tax bills....
View ArticleA Simplified Tax Option For Home Offices
(CBS MoneyWatch) This tax season holds good news for millions of self-employed people who work from home: Home office deductions, which used to require a litany of calculations and the completion of a...
View ArticleWhat’s On Your Tax Return?
BOSTON (CBS) – Review your tax situation now so you have some idea what tax bracket you will fall into this year and decide whether you want to do the long 1040 or the short 1040EZ. Do your taxes both...
View ArticleShould You Itemize Your Taxes This Year?
BOSTON (CBS) – Should you take the time to fill out the long 1040? It really depends. To find out whether you should itemize you will need to do some homework. About a third of taxpayers use the long...
View ArticleTax Education Credits And Deductions
BOSTON (CBS) – College is very expensive. Congress and the IRS have given us ways to offset education costs. 1. The American Opportunity Credit: This credit can help parents and students pay part of...
View ArticleTax Audit Red Flags To Be Aware Of
BOSTON (CBS) – Most tax returns are handled by computers and there are formulas and averages for most of the categories. Most audits are simple paper audits where they send you a letter asking for...
View ArticleInvest That Tax Refund In Yourself
BOSTON (CBS) – What is your largest asset? It’s your ability to earn a living! Let’s say you earn an average of $50,000 a year over your working career and you start at age 20 and work until you are...
View ArticleWhat Tax Related Papers Can You Toss Out?
BOSTON (CBS) – Most of us fall into one of three categories; we keep too much of the paper that comes into our homes or there those that try to throw out everything. And of course those that fall in...
View ArticleGet Your Taxes In Order Now For Next Year
(CBS Boston) Get a jump-start on next year’s taxes by setting up a filing system now. You can use a folder system where you label the each folders according to your needs. A good filing system will...
View ArticleWhat Procrastinators Need To Know About Filing Their Taxes
(CBS MoneyWatch) – Life can get complicated this time of the year — between work and friends, spring break and spring cleaning and everything else, time goes by quickly. And for some of us, that means...
View Article7 Deductions That Lower Your Taxable Income
(CBS MoneyWatch) – Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. These are known as itemized deductions that are claimed on...
View ArticleCan’t Pay Your Taxes? Here’s What You Can Do
(CBS MoneyWatch) – In a turbulent economy with constantly changing rules it’s no surprise that the bill from Uncle Sam can sneak up on some of us. Whether you changed jobs, sold a house or became...
View ArticleTax Day Specials
Tax day got you hungry? Many restaurants are offering specials this April 15 to offer some relief to drained taxpayers. The following is a list of some of those restaurants: Arby’s: Print a coupon at...
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