Tag: Tax
These Smart Investments are Just What you Need to Save Tax this Year
An increment in your salary could lead to a higher tax rate. Once your monthly income exceeds the Rs.2.5 lakhs threshold, you enter the tax paying bracket. The more you earn, the more taxes you pay. You cannot ignore paying taxes but you can claim exemptions. These allow you to minimize the impact on your […]
Don’t Let Tax Issues Ruin Your Finances
As a law-abiding citizen, you might file your tax return each year by April 15. And since you know it’s your responsibility to pay taxes, you might send the IRS a check for any taxes owed. But unfortunately, even if you do everything right, mistakes on your return can result in owing additional taxes. Unless […]
Tax Season: How to Avoid an Audit This Year
Nothing sends shivers up the spine more than a tax audit. Although only 1 percent of returns are audited in a given year, there are ways that you can reduce your odds of hearing from the government even further. What are some things that you can do to avoid a tax audit? Don’t File a […]
Top Tax Tips for Veterans
When you found out you could file a 1040, the same form civilians typically fill out, you were probably relieved. But then you sat down with the form and realized that, in addition to the gratitude of a grateful nation, you were also rewarded for your service with really complicated taxes. This is no 1040 […]
Six Things You don’t want to Forget to Include in your Annual Tax Return
Tax time is quickly approaching, and it’s important to get your paperwork in order long before the April 15th deadline. Make sure that you have all the receipts you need in one place now so that you aren’t scrambling to find it when you are filling out the forms. Filling out the forms as accurately […]
Prudent Tax Information-Tax Deductible Business Expenses
To have your tax information prudently done is very important. By the same token, to know the tax deductibles will help to lower your tax burden. It is possible to claim a number of expenses tax-free that will go a long way in alleviating your tax problems. The area of tax is very dicey and […]
Five Ways You Can Save Money When Filing Your Taxes
A taxpayer should try to find multiple ways to lower his or her tax burden so that he or she can enjoy a better return. Now, most people use the basics and get to deduct a few small expenses. However, to get a decent return and not overpay on taxes, one should follow these five […]
Don’t Make These Five Tax Mistakes
When filing taxes, many make minor errors. When avoiding these top five tax mistakes, one should have no trouble filing a return and avoiding any delays. Math calculations In the computer age, some people still like to file their taxes with a pen and piece of paper. While it is possible to do so without […]
Are You Getting the Tax Rebate You Deserve?
Tax rebates can be wonderful things. Waking up to a letter which promises you an unexpected sum of money is sure to put a smile on anyone’s face. But what if you never get to experience this pleasant feeling? There are many people out there who aren’t getting the tax rebates they deserve, through no […]
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