Tax Deduction

With the holidays all around, let’s just have a light post today. This appears to be advertising Turbo Tax in a subtle way, but it’s fun all the same. Ever think you’d see people rapping about tax deductions? Watch…

This seems like a good time to remind you of some things you can do before the end of the year to lower your taxes. First, read the article I wrote last year: Tax Deduction: End of Year Savings.
Now you know what you need to do.

Make sure your traditional 401k and/or IRA are fully [...]

We’ve all been hearing about hybrid cars on the TV news. You might have even been thinking about buying one. After all, not only are they good for the environment, but they get great mileage, which can mean thousands of your dollars saved. But now the government is sweetening the pot. [...]

In my last post, we discussed refinancing and how taxes can play into a decision about whether or not to refinance. I also found this interesting article, which goes into some depth about debt — both mortgages and unsecured debt — and paying interest, and how to decide what to pay off first, particularly [...]

Sorry I’ve been incommunicado for a few months. But now I’m back, and I’ll try to post a couple times a month, at least until we get closer to tax season.
First off, when you’re thinking about refinancing your mortgage, you might not immediately think about your taxes, but consider — you get to deduct [...]

Beyond the joy of homeownership, did you know that owning your own home does great things for your bottom line? It’s true. That’s mainly because the interest you pay on your mortgage is tax deductible.
In the last article, I talked about lowering your taxable income in order to stay or go down into [...]

It’s still December, and that means you still have a little time to make some last minute fixes to this year’s tax picture. Unless you’re one of the lucky few who’s sure they’re going to get a refund, consider doing one or all of the following to cut down your tax burden a little [...]