Saving Money on Taxes

Cash for Caulkers (which is also a Homestar job program) is a recently proposed program that would give households money to pay for weatherization projects. The Cash for Caulkers program will be...

For homeowners who purchase a 75% efficient biomass-burning stove in 2009 and 2010, the Federal Economic Stimulus legislation includes a 30% tax credit (up to $1,500) for stoves or inserts added...

Now that the holidays are fast approaching, tax time will be here before you know it. If you own a small business, such as freelance writing, and you make $400.00 or more, then you will have to...

Tax time is right around the corner, but it's not too late to save on your taxes through making no-cost donations. Reduce your tax liability by following these simple steps:

Self-employed individuals are often dismayed by the amount of taxes they owe. Failure to maximize tax deductions for self employment is a common problem. Tax law is often hard to interpret, and...

Under the American Recovery and Reinvestment Act (ARRA), more parents and students will qualify for tax credits for eligible expenses. It pays to understand how these tax credits can be used to...

In general taxes go to good things like schools and roads. I do think however that with new taxes constantly added and government waste rampant we should take advantage of the ways the IRS gives...

Let's face it, we all have stuff sitting in our Drawers, Closets, Basements, or Attics, that we don't use, want or that doesn't fit anymore. This is a Easy & Great way to get rid of that...

You can increase your paycheck now with the “Making Work Pay” tax credit. You don't have to wait until you file your tax return in 2010.

We all hate paying taxes, but there are ways you can cut down on your taxes. Here are a few tips to cut your taxes.

Instead of selling, trading, or storing your used car, consider donating it and getting a charitable tax deduction from the IRS. Donating a car not only helps one of your favorite charities to...

When you get behind on your tax payments, interest and penalties can add up quickly and place a heavy burden on your finances. If you cannot pay them, the Internal Revenue Service may put a lien...

Every year you must file your income taxes. Sometimes you get a refund and other times you don't. A tax refund isn't all that good because it is money the government didn't rate but had use of....

Did you know there are many ways to reduce how much you owe in taxes every year? Here are some steps on figuring out and avoiding things that would increase your taxes come April 15th.

Donating an unwanted car is a good, solid tax deduction that is easy to prove for record-keeping purposes. Because the vehicle owner signs the vehicle's ownership over to the charity, the paper...

Claiming tax credits is one of the easiest ways to make money imaginable. If I told you I would pay you $1000 to fill out one paper form would you take the time to do it? Of course you would. That...

Did you know that you can save money on taxes through stock losses? This article tells you how.

In general, medical expenses for which you have not been reimbursed are tax deductible. These expenses have to be considered "ordinary," such as medical insurance premiums, dental treatment, laser...

Announcements about tax relief programs can be heard frequently on TV, radio and Internet ads. These messages are particularly noticeable as tax time approaches. Many people cringe as April 15...

Each year, thousands of people pay more taxes than they have to because they don't know about the Earned Income Tax Credit. Furthermore, many know about the Earned Income Tax Credit (EITC) but...

President Obama signed the American Recovery and Reinvestment Act of 2009 into law on February 17, 2009. A tax credit for first time home buyers was included in this bill. This article will...

Tax time is incredibly stressful for most people. You either prepare your own (online or by hand), or you use a preparer. Try a few (or all) of these tips to "find" some extra money.

If you’ve been contributing to a retirement savings account, the plan may result in multiple savings by allowing you to claim and additional tax deduction on your income taxes. Consider these...

This brief article will help you know if you are eligible for tax credits on your Roth IRA contributions - this is part of the IRS code referred to as the "Saver's Credit". Please keep...

You can significantly reduce or potentially eliminate your income tax by going about your normal life- saving for retirement, buying a home, sending your child to college, etc.

Is tax season getting you down. Look at your children, your house, your office, and all around you. Tax deductions are everywhere. This article will give you an overview of how to maximize your...

If you've earned $42,000.00 or less for the tax year 2008 and currently live in North Carolina, you may be able to have your taxes done for free at any State Employee's Credit Union.

When tax preparation time comes it seems like most people put of taxes because they do not know were to start. Your paper work is a mess and it is hard to find everything. Most people forget...

The earned income tax credit is a refundable credit that began in 1975 as an incentive for moderate to low income taxpayers to work. The term refundable credit means that it not only reduces your...

Many people do their taxes as usual every year without thinking or knowing about deductions they can claim. For those who are uniformed or just plain forgotten let me remind you of some...

If you meet a certain income level, you will be able to use a service offered by the Internal Revenue Service that allows you to file your taxes for free. Read on to learn how.

As the year is winding down to its final days, it may seem to be in your best interest to put the year behind you. You may want to hold off on that. You need to make sure that your life is in...

Even in a slumping economy, it is important to consider your income tax planning strategy. The easiest way to reduce your tax bill is to reduce your taxable income. Instead of taking the standard...

Want to eliminate the hassle of selling your old car and help a charity. Here are step by step directions on how to donate a car to charity.

With money scarce and jobs in short supply, bartering is on the rise again. This article shows you how you can get the things you want and need through this form of exchange.

You'd better enjoy the upcoming Holidays, visit family, go to the parties because before you can blink, Tax season will be upon us. You will be less stressed if you get started early and now is...

The end of the year is a time when many begin to search for income-tax deductions. If you dread tax time, because you know you will be paying in instead of getting an income-tax refund, you can...

There are many things you can do to lower your tax bill. This article shows you how.

Enrolling in a flexible spending account, also known as a cafeteria plan, allows you to set aside money to cover expenses such as elderly day care. You can then subtract these funds from your...

Many people don't realize that they can list medical expenditures as deductions on their tax returns. Even those who do deduct medical expenses often don't realize that payments for expenses that...