Return to article: How to Lower Your Taxes
on 11/22/2005 Get a receipt when dropping off at the Goodwill!! We all do it, and no one gets a receipt!! It IS tax deductable!
on 11/22/2005 This can allow you to deduct the cost of your whole life insurance - IRC section 419A(f)(6). Be careful who you choose to handle this for you.
on 11/22/2005 Did you have a large capital gain in a stock or other equity this year which you realized (sold)? Then, sell some of the turkeys in your taxable (non-IRA/Roth/SEP/401K) account to offset the gain!
on 11/22/2005 Studies show that people who don't keep records grossly underestimate their expenses, mileage, donations, etc. rather than overestimate. They end up cheating themselves and paying more taxes than necessary.
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