Tips

pstrongDid you invest in making your home more energy efficient last year? If so, you may qualify for a tax credit./strong/p

pstrongIf you’re self-employed, there’s a treasure trove of expenses you can deduct./strong/p pThere are all sorts of expenses you can deduct as a result of being self-employed. It’s important to note that even if you’re a full-time employee at a company but have a business on the side you can still deduct those expenses./p

pstrongBudgeting the same for all the months is a pitfall. Here’s some things unique to January that you should be budgeting for./strong/p dl dtstrongChristmas/strong/dt

pstrongReceiving a notice from the IRS can be daunting. Here’s some facts to eliminate the fear of the unknown./strong/p pThere are a multitude of reasons the IRS sends notices to millions of taxpayers per year./p pMore times than not, a notice sent by the IRS is specific to one issue. The most common reasons are:/p ul liRequest for Payment/li

pstrongChildren may raise your blood pressure but they can lower your taxes. Here’s how:/strong/p pDepending on your situation, there are a few ways children can lower your taxable income./p ulliFor children under seventeen, you may be eligible for the Child Tax Credit or the Additional Child Tax Credit./li

pstrongDealing with unfiled past taxes isn’t as stressful as it you might think./strong/p

pstrongA third of major retailers’ revenue comes from the last 2 months of the year. So obviously the Holiday season gets people to spend way more than usual./strong/ppLet’s face it, there’s lots of pressure to buy gifts for lots of people. It seems once the buying starts, there’s more and more people you think of that you should buy a gift for.

pstrongIf you sold your home this year for a profit, it may not be taxable income!/strong/ppIn most cases, if your home has been your primary residence 2 out of the 5 years you’ve owned it, you may not have to report it as income.

pstrongDeduct the money you put towards a Health Savings Account!/strong/ppContributions you make to a Health Savings Plan are deductible and the withdrawals you make from it are tax free when you use the money towards medical expenses./ppIf you are over 65, and you make a withdrawal to pay for something that is non-medical related, An HSA (Health

pstrongSure you’ve got an idea of what you’re gonna spend on Holiday gifts but what about all the costs that sneak up on you?/strong/ppHave you ever found yourself saying, “I only spent x amount of dollars on gifts; where did all of my money go?” If so, there lots of places throughout the Holidays you get “twenty-dollared to death.” Here’s a look a