MSN Money has a great article on some common tax deductions people overlook. Now is the time to start getting your paperwork ready for the 2009 tax season. Individual tax returns can be very tricky this year, considering all the changes in the tax code and government assistance.
Here are a few of my favorite 2009 [...]
MSN Money has an article about property taxes that was an interesting read I wanted to share. Property taxes are a big source of revenue for your government and they are going to make sure to get theirs. Property values skyrocketed in the mid 00’s, but now they have tumbled with the current recession. What [...]
April 15th is Income Tax Day. Failure to postmark your taxes by today without filing an extension and you’ll be in big trouble. Unless of course you are Treasurer. Consider this your final warning to get your taxes paid – or refunded. Would you like to know more? The U.S. Treasury provides a fact sheet [...]
I was greeted last night to notice that my 2008 tax refund has been deposited in the bank. There was 2 weeks inbetween my submission/approval of my tax forms and the direct deposit refund check. Of course, all of my refund is actually a zero percent loan from the government. I was able to take [...]
Looking to get a new car? Well the IRS announced that they will begin offering deductions to your taxes for purchasing a new passenger vehicle. Here are the highlights:
Can deduct State, local and excise taxes on new car purchases.
Purchase must be made between February 17th, 2009 and December 31st, 2009. One day before or after and [...]
If you elect to have a Flexible Spending Account (FSA) with your employer and don’t spend all the money in the year, the remaining balance is forfeited. That can be a real bite in the butt. That’s why it is important to plan your medical expenses carefully. FSA plans allow you to lower your taxable income by claiming [...]
Tuesday was the big drawing for the Mega Millions lottery. The total jackpot was estimated at being 212 million dollars. The cash payout would be 138 million. That’s a little over 65% of what the original amount is. If you are the sole winner, that’s a pretty good number. Of course the Feds and State [...]
My employer finally made it to the digital age. Starting this year, I will be able to access my W2 online. So what does this mean? Hopefully it means that I will be getting my W2 sooner than expected which means I can start doing my taxes. I really am shocked that most companies haven’t [...]
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