How Do You Know What You Can Deduct?

How Do You Know What You Can Deduct?

It’s tax time and that can be stressful. It can also be a time where people feel hopeful about receiving a large refund for taxes overpaid during the year. In order to fully understand this process, it is important to recognize that your refund is for taxes that you paid during the year that are more than your tax burden should be based on your income and expenses. This seems simple enough, but many people feel sheepish about taking the full benefit of their write-offs. This is silly however, because a write-off represents your expense while contributing to the the economic value of our economy.

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Don't Drive into Debt

Don't Drive into Debt

Now that tax, and tax return, season is upon us, maybe you’re thinking about purchasing a car. A tax return can make a solid down payment on a car. Because cars are a depreciating investment, it is important to find a reliable car that fits your budget and won’t break down, causing extra bills and stress

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Is the Mortgage Tax Deduction in Your Best Interest?

Is the Mortgage Tax Deduction in Your Best Interest?

So tax season is upon us, and if you’re paying on a mortgage, you probably feel pretty excited about the home mortgage tax deduction that comes with it. After all, everyone says that you should hold off on fully repaying your mortgage because the tax deduction saves you money. Unfortunately, that common sense advice isn’t really sensible at all, and may actually be costing you money.

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