Earned Income Tax Credit

Things may be better that you think. If you are a low income working family or individual, you may qualify for a tax refund, even if you don’t make enough to pay taxes. The federal government may give you free money!!

Low Taxes Mean a Stronger Economy

There is a killer on the loose that can steal, kill, and destroy the economy: high taxes. In areas of the world where taxes are very high, economies are generally very weak.

Still Waiting For Your Tax Refund?

I am constantly amazed when I speak with people and they tell me they are still waiting for tax refund checks after six or twelve months. If you are in this position, you may be in for a surprise.

What has IRS Packaged Up for You for 2006?

What are some of the new tax provisions that can help you or create problems for you for the 2006 tax year? Learn what you are now required to provide to make deductible charitable contributions.

1031 Exchange for Commercial Real Estate

A 1031 exchange is defined under section 1031 of the Internal Revenue Code. This code states that if an asset, usually some kind of real estate like land or building, is sold and the proceeds of the sale are reinvested in a similar kind of asset, then no gain or loss is recognized, permitting the deferment of capital gains taxes. A 1031 exchange is also called Like Kind exchange.

Mortgage Interest Tax Deductability - What Are The Limitations

What Americans don't realize about the limitations on their mortgage interest deduction can cost them a lot of money in the future.

Tax Return Preparation: Love It or Hate It, You Have to Face It

Tax return preparation can be done in several ways to calculate your taxes and pay it to the government in time. You just have to make choice of finding out the best way of doing this to pay your taxes.

An Instant Pay Raise Can Help Your Spouse Stay Home With the Kids!

Over 70% of American families have two bread winners. But often the second breadwinner is not bringing home enough to make it worthwhile, particularly if the trade off is putting the children in day care. The author analyzes the typical two income family situation and proposes a solution that will allow many spouses to stay home and get paid by the IRS.

Understanding The Dreaded Income Tax

Every year in April, Americans are faced with an imposing deadline - tax day. Throughout the year, income is earned and then taxed. Depending on the way in which dependants are claimed and deductibles used, a person would then be entitled to money back come income tax time or they would have to pay taxes.

Tax Deduction is Only Possible with Home Improvements, Not Home Repairs

The article details the difference between home repairs and home improvements, in terms of tax deduction. It gives examples of work that would be considered improvements and work that would be considered as repairs.

Tax Alternatives: The Negative Income Tax

Nothing gets people more riled up than a discussion of taxes, but what alternatives are there to the current system? The negative income tax is one such possibility.

Year-end Health Savings Account Tax Strategies

Year-end strategies that can help maximize your Health Savings Account.

Small Business Tax Tips

Any small business owner knows that they may live or die by the financial decisions that they make. While many cut corners by making prudent purchase decisions, few realize the opportunities that are available to them when it comes to working out the taxes for their business.

Property Taxes Increase With Home Prices

With the increasing value of your home comes the increasing bill from your property taxes.

Keep Taxes Low and Continue Economic Vitality

Businesses are efficient because that efficiency means more profit. More profit in a business means that there is more money to invest in the company and more money to pay employees. More employees making more money means that more people are paying into the system and that increases the tax rolls for the United States government.