Tag Archives: deductions
Donating to charity is a great idea, and may even afford you a tax deduction. It’s necessary that you keep a clear and accurate record of your charitable contributions in order to qualify for a tax deductions. You will need a hard copy record of the donation if you want to deduct it on your […]
— Read moreTaking the standard deduction may seem like the easier option when filing your taxes. However, it may not be the most valuable to you in the long run. Itemizing your deductions may lower your taxes owed. You can determine which method works best for you by figuring out the amount of each deduction method. In […]
— 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 moreAnyone who works for a package handling company is subject to the same rules at tax time as many other employees. Whether you work in the warehouse, or you are responsible for package logistics, you will receive Form W-2, Wage and Tax Statement from your employer. This form will list all of your income received […]
— Read moreCustomers are an essential part of any business which is why it’s extremely important to take good care of them and assure the highest level of customer satisfaction possible. In order to do this, many companies rely on customer service representatives to handle their interactions with customers. If you are employed as a customer service […]
— Read moreNo matter whether you are a full-time or part-time cashier or retail sales associate, at tax time you need to report your income to the IRS by filing a tax return. Your employer will send you a Form W-2, reporting your earnings and commissions for the tax year. This form will also list your withholdings […]
— Read moreNo matter what type of skilled trade you work in, whether you are a computer service technician, a mechanic, a laborer, or any other job which requires a unique skill-set, you may be able to reduce the amount of taxes you owe each tax year by claiming certain deductions. If you work for a specific […]
— Read moreAs a security specialist, your job is to provide safety and asset protection. You may also work in corrections, ensuring the logistics of those incarcerated. At tax time, you don’t want to be lax on the deductions you can take. You’ll receive a Form W-2 from your employer which will document your income and tax […]
— Read moreWorking with your hands to create a final finished product that is functional and well-crafted can really give you a great sense of accomplishment. It’s even better if you get paid for it. As an employee assembler, you will receive a Form W-2 from your employer at tax time. This form will document your wages […]
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