Amazon.com WidgetsThe child tax credit and additional child tax credits are different from the child and dependent care credit. The total amount that can be received for the child income tax credit is a maximum of $1,000.00 per qualifying child. A qualifying child must be under 17 before the end of the tax year and [...]
Amazon.com WidgetsDuring times of financial uncertainty, plenty of people pay a little more attention to those projects on the side that are bound to bring in some money that can be used to an advantage. You may have gotten your previous tax returns back in a very timely manner for years on end, or not. [...]
Amazon.com WidgetsIt’s tax time! How would you like an easy to use tax credit calculator? Turbo Tax has created the easiest to use rebate calculator I’ve ever seen. If you can click on a picture and answer a question you’re able to accurately complete and file your income tax return yourself. We all know [...]
Amazon.com WidgetsIn most cases, you will be required to do some business travel if you are a business owner. Whether you just do a little traveling or a significant amount it is worth deducting deducting on your tax return. Overlooking this deduction could cost you more at the end of the year. There are [...]
Amazon.com WidgetsYou may be an employer who wants to calculate Social Security tax withholding or you may be self-employed and need to calculate how much you will pay in. The Payroll tax or Self-employment tax is the amount of money paid into the Social Security and Medicare system. You will pay a percentage of [...]
Amazon.com WidgetsYou probably already know that finding and using more tax deductible items can lower your tax bill. But how do you find and use these valuable tax deductions? Easy… You can go to TurboTax Online and use their tax deduction maximizer to find more tax deductible items that are available to you. There are [...]
Amazon.com WidgetsThe IRS gives detailed rules and instructions for self employed persons’ tax deductions and write offs. To distinguish between the two, let’s try to be clear. Usually a write off is considered to be a one time reduction of taxable income, often from the loss on the sale of an asset or business. [...]
Amazon.com WidgetsBe it ever so humble, there’s no place like home! Do you see dollar signs when you think of your home? Okay, not in upkeep and repairs. Your home is a gigantic tax deduction! Did you know you can deduct mortgage interest, property taxes and in some cases even private home owner insurance? Deductions, [...]