The great part of working on the information for the Form 1040 is that it allows you to calculate your allowable deductions and tax credits. But what exactly is a deduction? Well, a deduction is an eligible expense that you claim in order to...
Read MoreCharitable Giving
As you may have heard on the news, Charitable Giving is one of the bargaining chips on the table for the ‘Cliff Talks’. Whatever happens with those talks, the good news is that for the 2012 tax year, those incentives for reducing your tax...
Read MoreYear End Tax Planning 2012
The Cliff. Congress. White House. Discussions. Negotiations. These words have become commonplace in our day to day conversations. And if Congress doesn’t act before the end of the year, there is a chance that tax rates will be higher for...
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