Tag Archives: Expense

4 Overlooked Tax Deductions That Yield Big Rewards

Tax time is upon us. While some people look forward to this time of year, many more dread it as they think about the amount of money that they may have to pay. It must be done, so let’s work at getting the most money back. After all, the IRS claims that millions overpay each year.

1. State Income Taxes
If you paid state taxes last year, then you are eligible to subtract them from your federal taxes this year. Make sure to know the exact amount that you paid in these taxes, so that your return is not delayed.… Read more at 2011 Taxes.

Ten Tax Tips For Individuals Who Are Moving This Summer

Families often choose to move in the summertime. Moving in summer avoids the problem of having to work around school schedules. It can be an expensive task, but there are ways a person can reduce their moving-related expenses. They can even deduct some of the expenses if they know how or find some good tax tips for consultants.

1. Time your move to coincide with the start of a new job. Moving-related expenses incurred within one year of the move can be written off on your 2011 taxes. The location of your new workplace must be at … Read more at 2011 Taxes.