Tag Archives: Tax Savings

Earned Income Tax Credit Basics : What to Know to Claim It ( 1 of 2)

QUALIFYING FOR EARN INCOME TAX CREDIT Some taxpayers with lower-paying jobs may be eligible for an earned income tax credit (EITC), based on their income levels. The EITC is a refundable credit; if the credit amount exceeds the taxpayer’s tax … Continue reading

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Charitable Contributions Last Chance Before Year’s End!

We are getting closer and closer to year end and we are ready to help our most beloved charitable organizations but……do we know which of them qualify for deductions? Only the five following types of organizations can be qualified organizations … Continue reading

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12 More Things to add To Your To-Do List before 2012 (I promise it will be beneficial)

We are approaching year’s end.   In addition to landing those key deals and finalizing some year end business , it is also time to get your business in order.  You want to prepared and equipped to do business heading … Continue reading

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IRS Changes Mileage Rates

The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and … Continue reading

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Must-Know Rules for SIMPLE IRA Owner

Retirement Savings may seem complex and cumbersome armed with a bit of knowledge, you’ll have your nest-egg ready in no time.  Follow these guidelines for SIMPLE IRAs. You generally have to pay income tax on any distribution (amount withdrawn) from … Continue reading

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The American Dream of Owning your own Home & How you Can Achieve it

Spring has arrived, the economy is picking up and we are back into finding the ways to conquer the American dream: “Owning your home”, and because we are all different, here are several alternatives that may help you: 1.     Budgeting and saving:  This is … Continue reading

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Facts for Mortgage Debt Forgiveness

If you are a homeowner whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts … Continue reading

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IRS Special Voluntary Disclosure Initiative Opens

  WASHINGTON — The Internal Revenue Service announced today a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes. The … Continue reading

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Healthcare Tax Saving Tips to Remember

Sole proprietors, partners, limited liability company (LLC) members, and S corporation shareholders can deduct qualified health insurance premiums paid to cover themselves and family members. This is the so-called self-employed health insurance deduction. For 2010, you claim it on Line … Continue reading

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7 Healthy Tax Habits that Could Save Your Small Business & You

There’s not an entrepreneur in the world who likes tax time. Yes, it’s February, but its best to be prepared when it comes to April 15 or March 15 for Corporations (that’s right around the corner.) Now is the time … Continue reading

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Posted in Educacion Financiera, Education & Finance, Money Saving Tips, Small Business, Tax Tips | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment