Tag: <span>Deductions</span>

10 Easy Ways to Save Money On Taxes And Maximize Your Tax Refund

There are several ways you can maximize your tax refund in the coming year, including the following ways: Contribute to a retirement account: Contributions to certain types of retirement accounts, such as 401(k)s and traditional IRAs, can be deducted from your taxable income. This can reduce your tax bill and…

How to Reduce Your Tax Bill Liability By Lowering Your Taxable Income and Claiming More Deductions

Much to my disappointment I ended up owing taxes when I filed my tax return this year. Or said another way I had a tax liability to the IRS. While paying taxes I legally owe is not itself a bad thing, after all I did not give an interest free…

Things to Remember At Tax Time – Your Tax Preparation Checklist

Thanks to the accounting folks at BConnect Inc, here is a straight forward tax preparation checklist that will save you time when you file with your accountant or before you start using tax software for self-filing. Tax preparation is faster, easier and more stress-free if you take a little time…

6 Tax Breaks for the 2016 to 2017 Tax Filing Season

It is almost that time of year again....tax season! We have compiled a list of six tax breaks for the 2016-2017 tax season that will lower your taxes due and increase the amount of your refund. The first topic is Earned Income Credit (EIC). The rules on this can be…

Adjust or Change Your Paycheck Tax Withholding (W4) After These Personal and Financial Life Events

During the year many people have personal and financial life changing events that can affect how much they have to pay in taxes. But they often forget to adjust their income or paycheck tax withholding to cater for these events. This means they ending up owing taxes and associated penalties…

2024 vs. 2025 Alternative Minimum Tax (AMT) Income Exemption Phase-out Amounts

Following enactment of the American Tax Relief Act (ATRA) a few years ago, the annual "AMT patch" legislation that Congress had to pass every year to ensure more people were not snagged by the Alternative Minimum tax is now no longer required. Instead the AMT exemption and associated thresholds based…

Year End Tax Planning With 15 Tax Deductions and Credits To Claim

As the year draws to a close it’s always a good idea to review your tax situation and in light of that we have put together a collection of fifteen tax deductions worth considering to lower your overall tax bill. But act soon, because if you wait until next year…

Tag: Deductions

10 Easy Ways to Save Money On Taxes And Maximize Your Tax Refund

How to Reduce Your Tax Bill Liability By Lowering Your Taxable Income and Claiming More Deductions

Things to Remember At Tax Time – Your Tax Preparation Checklist

6 Tax Breaks for the 2016 to 2017 Tax Filing Season

Adjust or Change Your Paycheck Tax Withholding (W4) After These Personal and Financial Life Events

2024 vs. 2025 Alternative Minimum Tax (AMT) Income Exemption Phase-out Amounts

Year End Tax Planning With 15 Tax Deductions and Credits To Claim