One of the best ways to legally reduce your tax bill is to take advantage of tax deductions. Here are some of the most common tax deductions you will run into.
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If your state collects income tax, you need to file a state return as well as a federal return. If you've moved in the last year, you might need to file more than one state tax return.
Although the 2014 tax season is coming to close, here are three reasons why you should begin planning for next tax season now.
If it’s past December 31, though, reducing your income through deductions is difficult. You’re usually stuck with the deductions you already have, and the income that you have already reported. There are two ways to get a truly last minute tax break, though.
Not to long ago I sat down with my accountant to prepare my taxes. After looking at my situation and running the numbers, he told me I could save right around $2,000 in taxes by maxing out my HSA contributions.
If you didn’t file your tax return in 2010, this is your last chance to do so — and a claim a refund if you have one coming to you. It’s possible to file or amend a return for up to three years.
The mortgage interest deduction is as American as apple pie. But how many taxpayers are truly benefiting? Just the rich? Let's take a look.