Monthly Archives: August 2015
Saving for retirement is an important part of life. There are a variety of options you can use to ensure you have the appropriate funds to support you in your golden years. If you’ve opted to contribute to an Individual Retirement Arrangement (IRA) you should be aware of how your contributions will factor in at […]
— Read moreIf you paid someone to care for a dependent in your household within the tax year, while you either worked or sought employment, you may be eligible to claim the Child and Dependent Care Tax Credit. The Requirements You must meet certain requirements in order to claim this credit. You must have paid for dependent […]
— Read moreAs an employee of another company or business, you may qualify to deduct any expenses you paid out of pocket. Generally, you will have to itemize your deductions using a Schedule A, Itemized Deductions in order to claim allowable expenses. Follow these five tips to maximize your deduction and avoid delays in processing your return: […]
— Read moreDo you make your living as a production worker? If so, you should be aware of eligible work-related deductions that you can claim, which will lower your tax liability and help you get the most of your tax refund. Once you receive your W-2 from your employer, you can begin to prepare your tax return. […]
— Read moreFor anyone who is a PC specialist, you must acquire Form W-2, Wage and Tax Statement, through your boss. Any payments you get for providing computer solutions, away from your current regular work, may be deemed as profits coming from self-employment and is reportable on Schedule C, Profit or Loss from Business. Self-employed individuals can […]
— Read moreDo you drive a bus for a living? Being on the road, helping people get where they need to go can feel very rewarding. Reward yourself at tax time by claiming deductions which can lower the amount you owe in taxes and put more money in your pocket. If you work for a specific business, […]
— Read moreThere’s more to being a cashier than just scanning a barcode with a red laser. If you’re aware of all the tasks that a cashier does, you’ve likely been employed as one at some point. As a cashier, you are entitled to some expense deductions at tax time that can save you money on your […]
— Read moreWhen you work in the professional media circuit, such as a news reporter, you likely don’t mind being in the spotlight. However, you never want to attract the attention of the IRS for failure to file a correct tax return. Media professionals who work for a company ona regular basis and are considered an employee […]
— Read moreWorking as an accounting clerk can be an exciting and rewarding job. Whether you are responsible for managing appointments, data entry, or assisting other office staff, if you work for an accounting firm you should receive a Form W-2, Wage and Tax Statement, from your employer. This form will list your wages and withholdings that […]
— Read moreWhen you work in the food service industry, especially as a waitress/waiter, busboy, hostess, or sommelier, you may rely on tips as part of your income. This additional income can get confusing at tax time, as you may not know what you are required to report to the IRS. Whether you receive tips or not, […]
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