New Tax Law Benefits for Car Donation Tax Deduction
by: Arturo.
The IRS has taken steps to take the guesswork and confusion associated with car donation tax deduction with a new law. When January 1, 2005 rolled around, you were able to deduct the full price that the charity of your choice receives fo...
More Tax Deduction Means Tax Reduction
by: Patrick Oconnor.
More tax deductions means tax reductionImportant Commentary for Owners of Real EstateBy Patrick O’Connor, MAIMost commercial real estate owners are paying excess federal income taxes because they are not depreciating their property as ...
An often missed tax deduction
by: Eric D. Patrick, Esq..
With April 15th looming in the near future, many folks are scrambling to give Uncle Sam a good reason not to confiscate their hard earned pay. And while there are an assortment of arguments and deductions available to the creative taxpa...
The Tax Deduction Checklist
by: Stuart Brown.
Tax Deductions are one of the few areas of the tax system that EVERYONE really should like! Because they are all about saving you money, rather then costing you money. Hence, as a small business owner, it's wise to familiarize yourself w...
What Is An LLC Tax Deduction?
by: Michael Williams.
Limited liabilities companies or LLCs are a tricky bunch to get any kind of LLC tax deduction on. This is because the LLC tax reduction is not actually recognized by the federal government. This can make it difficult for those who classif...
What Is A Standard Tax Deduction?
by: Michael Williams.
One thing you can always count on is the standard tax deduction. This deduction is one almost everyone can take advantage of it is an amount that is taxable as a flat amount. Those who may not be able to take advantage of the tax reductio...
Business Tax Deduction Tips
by: Patrick Oconnor.
A $100,000 tax deduction reduces federal income tax by $35,000 ($100,000 X 35%) assuming a 35% income rate. Options for increasing business tax deductions include revising depreciation schedules, reviewing fixed asset listings, casualty ...
Mold Remediation Gives You A Tax Deduction
by: Jim Corkern.
Did you know that if you are a landlord or a homeowner and you have to have mold removed from your home, it is tax deductible? It qualifies as a repair that has to be done to protect the investment of your home.The costs that you will in...
Daycare Tax Deduction - How Do I Start?
by: Michael Williams.
So how do you get started claiming a daycare tax deduction? You have your own children to take care of, but for some reason you've decided to help other parent's out and take care of theirs too. You've decided to run a daycare out of your...
How to Donate Your Car to Charity and Get Tax Deduction
by: John Lee.
1. Understand the rules. A good place to read the government rule on car donation is IRS Publication 4303, A Donor's Guide to Car Donations (available on the IRS's website at www.irs.gov). This guide outlines some important rules regardi...
Business Expenses Tax Deduction - How Do I qualify?
by: Michael Williams.
The business expenses tax deduction can be a workers best friend if they know how to properly take advantage of it. What exactly is a business expenses tax deduction and what can qualify you for it or can be claimed under it? First you wi...
Why Is A Hybrid Car Tax Deduction Worthwhile?
by: Michael Williams.
Being environmentally conscience can be an advantage when it comes to saving you some money on your taxes with the fairly new hybrid car tax deduction. This is a new provision, since 2004, under the Working Families Tax Relief Act that al...
Why Should I Apply For A Home Improvement Tax Deduction?
by: Michael Williams.
It's come time to make some improvements on your house and the prospect seems daunting. However, there is some light in the darkness, a home improvement tax deduction is available in the right instance. One of the first and most important...
Why You Would Want To Apply For A Mobile Home Tax Deduction?
by: Michael Williams.
Just because your home is on wheels doesn't mean you can't take advantage of tax deductions such as the mobile home tax deduction. In fact as long as you pay taxes to the local government of the area in which you have parked your home you...
What Are The Advantages Of A Rental Property Tax Deduction?
by: Michael Williams.
So many advantages are available to those who are working as a landlord on rental property in the form of the rental property tax deduction. Rent, payment to cancel a lease, expenses paid by the renter and many other things can be part of...
