It may not seem very logical, but did you know if you are out of work and receiving unemployment benefits, you have to pay taxes on the money you are receiving while out of work? Sadly, it’s true. But many unemployed have no idea they are responsible for taxes on unemployment benefits and as a [...]
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Several years ago the Bush Administration created a series of tax cuts to try and spur along the economy. The resulting tax cuts put more money in the pockets most Americans, but the majority of those tax cuts are set to expire at the end of 2010. Some of the cuts will be supported in [...]
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Summer may still be in full swing, however parents of school age children only have a few weeks remaining before the kids are heading back to class. While it may seem a tad premature to be thinking back to school shopping when many still have summer vacation plans on the horizon, there are definite savings [...]
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Early in 2010, President Obama signed off on the bill that extended the $8,000 new homebuyer tax credit which was set to last until April 30, 2010. The extension meant more homebuyers had the opportunity to be under contract by the new April date to receive a sizable tax credit. The tax credit was very [...]
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Tax season is officially over, right? Well, not really. Even though the April 15 tax deadline has passed, you can start planning your taxes for next year right now. One way to do that is by taking advantage of tax breaks and tax credits, such as the variety of green energy tax breaks that are [...]
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I just finished paying my taxes, and like last year, I had to send in a check for both federal and state taxes. Part of the reason I owed taxes this year is because I have taxes withheld from my day job, but I pay estimated taxes and self employment taxes on my business income. [...]
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I dropped my taxes off with my accountant this past week. We had a nice long discussion about my tax situation, which has changed a lot in the past year. In addition to my small business income/expenses, I had a few more fun things to consider. I admitted to being naughty – I did a [...]
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