With the federal tax filing deadline upon us, many have finished filing already, and others are just starting to get around to looking at their taxes. Here are some articles on little-known tax tips, interesting facts, good advice, and general information about taxes. Some of these are applicable now, and some you might want to store away for next year.
Did You Know You Could Deduct Baggage Fees On Your Taxes?…And Other Tips
Don presents 7 Commonly Overlooked Tax Deductions posted at My Dollar Plan.
Come tax time, everyone is looking for a way to lower the amount of taxes they owe. Here are some deductions you don’t want to miss.
How to Calculate Cost Basis for Taxes
Jon presents Guide To Calculating Cost Basis For Tax Savings posted at Novel Investor.
Calculating cost basis and keeping track of your investments plays a big role in controlling your tax savings now and in the future.
Will Medicare Surtaxes Change Behavior?
Michael Kitces presents Will The New 3.8% Medicare Surtax Reinvigorate Non-Deductible IRA Contributions? posted at Nerd’s Eye View.
Non-deductible IRAs have been relatively unpopular for years… but with the new 3.8% Medicare surtax on investment income, is it time to reconsider their use once again to shelter tax-inefficient investments?
For Your Entertainment: Strange Tax Deductions
Roger Elder presents Strange But Legitimate Tax Deductions from TurboTax.com posted at 2009 to 2013 Tax.
Tax season is anticipated by some and dreaded by others. For accountants and tax professionals, however, it can be a time of amusement.
Dependents Can Help Your Refund
Steve presents How Your Kids Can Boost Your IRS Refund posted at 2013 Taxes And 2014 Taxes.
A considerable amount of tax can greatly help with your tax return upon declaring your legal dependent.
How Does the Child Tax Credit Work?
Emily presents Understanding The Child Tax Credit posted at One Smart Dollar.
It’s tax time so you are going to want to make sure you fully understand the child tax credit to maximize your tax savings.
More Tax Planning Articles!
“Tax planning is critical for middle-income families. With all the changes going on, it is easy to get caught in the crossfire. Defer taxes for too long and you might miss opportunities to realize income in a lower tax bracket.
“Tax planning is even more important for those with a higher net worth. A dollar saved on taxes is worth more than a dollar earned. If you earn another dollar, they will just tax you again.”
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