Tax Time Blog March 2008 Archive

Making Sure You're Paying the Least Tax
Take your time preparing your taxes. Rushing can lead to mathematical mistakes, or to overlooking deductions that can help lower your taxes. Here's some tips for making sure you are ... Read More

Saturday March 29, 2008 | permalink | comments (0)

How to Start Preparing Your Taxes
With just over two weeks to go until the April 15th deadline, now would be a good time to figure out where you stand with your taxes. That doesn't mean ... Read More

Saturday March 29, 2008 | permalink | comments (0)

Tax Software Options
Did you know that you can transfer data in your personal finance software to your tax prep program? Both TurboTax and TaxCut offer data import options, which can ease your ... Read More

Thursday March 27, 2008 | permalink | comments (0)

Deducting the Cost of Your Home Office
Being able to deduct part of your rent, insurance, and utilities is a one the biggest benefits of claiming the home office deduction. This deduction is often misunderstood as a ... Read More

Saturday March 22, 2008 | permalink | comments (0)

What's the AMT?
Are your federal taxes higher than you expected? The culprit may be the alternative minimum tax, or AMT. The AMT is a second method for calculating your tax liability, and ... Read More

Saturday March 22, 2008 | permalink | comments (0)

Update on the 2008 Rebates
The IRS will be sending out the 2008 stimulus payments starting on May 2, 2008. These payments range from up to $600 for unmarried persons and up to $1,200 for ... Read More

Thursday March 20, 2008 | permalink | comments (0)

Preventing an IRS Audit
When it comes to IRS audits, an ounce of prevention is definitely worth the proverbial pound of cure. I wish I could tell you there's a magic solution to staying out ... Read More

Saturday March 15, 2008 | permalink | comments (2)

Relocating for Work is Deductible
If you move more than 50 miles for a job, your moving expenses are tax-deductible. This handy deduction is considered an adjustment to income, which is a fancy way of saying ... Read More

Thursday March 13, 2008 | permalink | comments (0)

How to Earn Tax-Free Interest
Did you know that you can earn interest tax-free? Interest paid on municipal bonds are not subject to federal or state taxes, and so can be a boon at tax time ... Read More

Wednesday March 12, 2008 | permalink | comments (0)

Missing Your Tax Refund?
Still waiting for your tax refund? If you've filed your return and still haven't received your refund check, there's some simple steps you can take to make sure your refund ... Read More

Saturday March 8, 2008 | permalink | comments (0)

How to Handle Owing the IRS
What if you've finished up your tax return, and you find that you owe the IRS? Having to pay the IRS isn't the most pleasant thing in the world. But there ... Read More

Friday March 7, 2008 | permalink | comments (0)

Tougher Rules for Charity Donations
Having receipts or paperwork to prove your deductions is always a good idea. But now having receipts is mandatory if you want to take a deduction for your charitable giving. Back ... Read More

Friday March 7, 2008 | permalink | comments (0)

Business Income for the Self-Employed
If you work as an independent contractor, then you will be reporting your business-related income and expenses using Schedule C and attaching that to your Form 1040. To fill out ... Read More

Wednesday March 5, 2008 | permalink | comments (0)