As the time to avoid the approaching fiscal cliff can now be counted in hours, President Obama and the Senate returned to Washington to resume work Dec. 27. The House of Representatives, however, will not return until Dec. 30—only 30 hours before the deadline. At this point, it’s hard … [Read more...]
Lowering Your Tax Liability
Filed Under: Financial Planning by
Table of Contents Chapter 1: Manage Your Taxes Chapter 2: Estimated Tax Payments Chapter 3: Capital Gains Tax Chapter 4: Tax Planning & Filing Your Taxes Chapter 5: Lowering Your Tax Liability Chapter 6: Tips for the First Time Tax Payer The whole idea of tax planning is to … [Read more...]
Child Care Expenses May Qualify for New Tax Credits
Filed Under: Taxes by
Parents who have to work and have children under the age of 13 in daycare during the summer may qualify for a nice tax credit. Below are some things the IRS will ask you to see if you qualify for this tax break. 1. If you child goes to day camp this may be considered an expense by … [Read more...]
