As you fill out your 1040 online and figure in your deductions, don’t forget some often over-looked deductions for caregivers. Catey Hill from Smartmoney’s The Tax Blog explains some of the lesser mentioned deductions that you can deduct from you 1040. Online, she titles her article “A Look at Tax Breaks for Caregivers,” posts it on the December 23, 2010 tax site, and brings in the new year with some smart advice.
Archive for the ‘Tax Deductions’ Category
From the Dickens’ Christmas Carol to the closing scene of “It’s a Wonderful Life,” charitable giving and philanthropy are themes of the Christmas season. It’s the time of year for giving.
However, charitable giving should not just be a spontaneous act; for financial reasons, it should be done with as much thought as any other financial decision.
We all want more back when we e-file. Americans still do not take full advantage of the tax deductions and credits that are available to them when they file their taxes.
In her January 27th, 2010 article that she called “Taxes: 10 Ways to Get More Money Back,” Lucy Norris of the Cookeville Times writes a brief overview of twenty ways to get a bigger return when you e-file. In this article, we’ll cover the first several of her savvy pointers.
When you e-file tax returns, you want to get as much back as you can.
Knowing what to deduct is an important part of that. Kiplinger.com has a fairly comprehensive overview of savings ideas in their Kiplinger Taxopedia by Kevin McCormally. They list several deductions that will help save you big when you go to e-file tax returns, and we’ll be looking at some of the less known deductions in this article.