Mortgage Tax Deductions
Often when considering purchasing a home, one of the things that intrigues potential homeowner’s is the right to be able to claim mortgage tax deductions. There are a number of deductions that are available including interest payments, points and some closing costs. What is not always evident however, is what must be done in order to claim these deductions and when they might be most beneficial.
Prepare for additional paperwork
One of the first things that a taxpayer will need to do to take advantage of mortgage tax deductions is to prepare to itemize deductions. The … Read more at 2009 Taxes
Hopefully you aren’t procrastinating so much that it makes a difference, but its important to note that the due date for filing your 2011 United States federal income tax return isn’t the traditional April 15th, rather its April 18, 2012. This is due to the celebration of Emancipation Day (the day that President Lincoln signed the Declaration of Emancipation) a day earlier than normal (since April 16th is a Saturday this year). As you gather together all of your financial information for fiscal year 2011, minimize your tax liability by keeping the following deductions in mind:
Child Care Deduction… Read more at 2009 Taxes
By Steve
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Posted in tax credits, tax deductions, Tax Law, Tax Preparation, tax returns, TurboTax
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Also tagged 2011, deductions, Emancipation Day, forget, internalrevenueservice, IRS tax forms, return, Sales tax, tax, TurboTax, United State
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January 15, 2012 – 9:46 pm
The career of a freelance writer can be very rewarding. However, the career can quickly lose its appeal when tax time arrives and you owe several thousand dollars. Thankfully, there are things you can do to reduce your tax bill and prevent owing such a large sum at once. The following are just five essential tax tips for freelance writers.
Pay Your Estimated Taxes
This cannot be stressed enough. Freelance writers need to pay estimated taxes in April, June, September and January of the following year. These payments will ensure that you don’t get penalized for paying your taxes … Read more at 2009 Taxes
By Steve
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Posted in Tax Law, Tax Preparation, Tax Relief, TurboTax
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Also tagged essential, freelance, Freelancer, January, Small business, tax, tips, TurboTax, Writer, writers, Writers Resources
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