Tax Deductions
Tax Shelters
Tax shelters are indeed ‘sheltering’ methods adotped by individuals and businesses to effectively reduce that part of their income which is taxable. This in turn helps them reduce the payments due to the various tax collecting entities and the government.
Self Employed Tax Deductions - Alas Poor Yorick, I Knew Them Well…
Self employed tax deductions have always been the "saving grace" for years of tax hikes aimed at them. What would happen to America's economy if hundreds of thousands of small business owners weren't allowed those deductions anymore?
More Tax Deduction Means Tax Reduction
Most commercial real estate owners are paying excess federal income taxes because they are not depreciating their property as quickly as they should. A cost segregation study allows property owners to both defer and reduce federal income taxes. Cost segregation increases depreciation (a non-cash deduction) for commercial real estate owners.
Business Tax Deduction Tips
Tax tips and tax help to assist taxpayers by describing options for tax reduction and tax cuts through lawful tax deductions.
Section 179 - 4th Qtr Tax Saving Strategy for Small Business
Use the power of available deductions to boost your business’s bottom line in 2007. Purchase new or "new to you" used business equipment now. Then place it in service by December 31st to realize exceptional tax savings.
The Rich to Pay More in Taxes
A new tax proposal makes rich pay more and the middle class pay less.
Claiming a Home Improvement Tax Deduction
Home improvements can often qualify for a tax deduction. Learn the difference between a home improvement and a home repair and get ready to claim your home improvement tax deduction.
Looking For Another Tax Deduction? You Might Qualify For an IRA
Are you searching for another income tax deduction and wonder whether you qualify for an IRA? If so, here are the new contribution rules--some brand new as the result of the Pension Protection Act of 2006.
These 4 Last-Minute, Year-End Tax Strategies Can Save You Money
By taking action now, taxpayers may reduce their tax liabilities for 2006.
Real Estate Tax Breaks for Your Home
It is always beneficial during tax season to own real estate, which gives you many annual deductions. If you purchased residential real estate during this year, however, you can look forward to even more generous savings at tax time.
Reduce Your Tax Payments
Reduce your tax payments by claiming an interest payment deduction.
The Ultimate Tax Planning Strategy
Every dollar that you can rescue from taxes can be put to use to grow your wealth; here is a concept to create the most beneficial deductions.
Writing Off Vehicles as Tax Deductions
Can you really write off your car as a business expense? Maybe. CPA Stephen L. Nelson explains.
Most commercial real estate owners are paying excess federal income taxes because they are not depreciating their property as quickly as they should. A cost segregation study allows property owners to both defer and reduce federal income taxes. Cost segregation increases depreciation (a non-cash deduction) for commercial real estate owners.
Business Tax Deduction Tips
Tax tips and tax help to assist taxpayers by describing options for tax reduction and tax cuts through lawful tax deductions.
Section 179 - 4th Qtr Tax Saving Strategy for Small Business
Use the power of available deductions to boost your business’s bottom line in 2007. Purchase new or "new to you" used business equipment now. Then place it in service by December 31st to realize exceptional tax savings.
The Rich to Pay More in Taxes
A new tax proposal makes rich pay more and the middle class pay less.
Claiming a Home Improvement Tax Deduction
Home improvements can often qualify for a tax deduction. Learn the difference between a home improvement and a home repair and get ready to claim your home improvement tax deduction.
Looking For Another Tax Deduction? You Might Qualify For an IRA
Are you searching for another income tax deduction and wonder whether you qualify for an IRA? If so, here are the new contribution rules--some brand new as the result of the Pension Protection Act of 2006.
These 4 Last-Minute, Year-End Tax Strategies Can Save You Money
By taking action now, taxpayers may reduce their tax liabilities for 2006.
Real Estate Tax Breaks for Your Home
It is always beneficial during tax season to own real estate, which gives you many annual deductions. If you purchased residential real estate during this year, however, you can look forward to even more generous savings at tax time.
Reduce Your Tax Payments
Reduce your tax payments by claiming an interest payment deduction.
The Ultimate Tax Planning Strategy
Every dollar that you can rescue from taxes can be put to use to grow your wealth; here is a concept to create the most beneficial deductions.
Writing Off Vehicles as Tax Deductions
Can you really write off your car as a business expense? Maybe. CPA Stephen L. Nelson explains.