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Easing your Education Costs

Image via Wikipedia Are you paying post-secondary tuition and related expenses for yourself, your spouse or your dependent? If so, you may qualify for one of the following education credits. [...]

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Don’t Overlook these Tax Credits & Deductions

Don’t assume that you won’t qualify for a deduction or credit this year that you didn’t qualify for last year. Tax laws and your life situation change every year. To [...]

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Last-Minute Filing Tips

If you still need to file your 2008 taxes, relax. TaxACT has you covered. Using TaxACT minimizes mistakes and maximizes your refund by walking you through deductions and credits, doing [...]

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Navigating the ARRA pt. 1: The First-Time Homebuyer’s Credit

This is the first in a series of posts that will explain the portions of the American Recovery and Reinvestment Act of 2009 (ARRA) that could directly impact individual tax [...]

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Navigating the ARRA pt. 3 – The American Opportunity Credit

This is the third in a series of posts that will explain the portions of the American Recovery and Reinvestment Act of 2009 (ARRA) that could directly impact individual tax [...]

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Navigating the ARRA part 4: Residential Energy Credits

This is the fourth in a series of posts that will explain the portions of the American Recovery and Reinvestment Act of 2009 (ARRA) that could directly impact individual tax [...]

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IRS Announces Pension Plan Limitations for 2011

IRS Announces Pension Plan Limitations for 2011. The IRS has announced cost of living adjustments that effect dollar limitations for pension, and other retirement-related items, for the 2011 tax year....

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Tax Season gets started with an extended deadline.

The IRS announced last week that taxpayers will have three extra days to get their federal tax returns filed this year, thanks to the observance of  Emancipation Day in the [...]

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Everyday tax savings for all year long

Your daily expenses and activities may be earning you valuable tax breaks. From child care and retirement savings to medical expenses and hobbies, you have many opportunities to save thousands [...]

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Avoid these mistakes on your tax return

(ARA) —According to the IRS, the average American spends approximately 12 hours preparing a Form 1040 income tax return. With so much time invested, the last thing you want to [...]

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Itemized Deductions vs. Above-the-Line Deductions

Income tax deductions are items that reduce your taxable income. But, there’s more to the story. It’s important to be aware that not all deductions are created equal. For instance, some deductions can...

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Why filing your own taxes is beneficial to your financial health

Filing your taxes may not be a task you look forward to, but making the decision to file your own instead of outsourcing the task can be beneficial to your financial health. By taking the time to sit...

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5 Tax Filing Tips to Beat the Deadline

Another year, another tax return. As we inch closer to the filing deadline, you may be scrambling to complete your return. While it is best to beat the deadline, it doesn’t pay to be in too big of a...

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Tax Exemptions, Deductions, and Credits Explained

When tax season arrives, everyone wants to know the magic trick to lower their tax burden. But terms like credits, exemptions, and deductions often have clouded meanings. Are they the same thing, or...

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Tax Deductions for Independent Business Consultants

Independent business consultants often wear many hats and take on multiple roles. Your clients rely on your industry expertise to increase productivity and improve company sales and profits. To grow...

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W-4 Withholdings After Tax Reform: What You Need to Know

Most changes under the new tax bill signed into legislation in December of 2017 took effect this past January for the 2018 tax year. Depending on a taxpayer’s situation, the impact of that change can...

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The New Form 1040 and Six Accompanying Schedules

Tax reform of 2017 promised us shorter, simpler, tax forms. We even were told that we might be able to file on a form the size of a postcard – although we may have wondered how that would work out. The...

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