Search Results for: deductions
Tax Information on Childcare Deductions on a Tax Return
Too many parents don’t claim their full tax deductions for babysitting and related childcare expenses, according to Kiplinger. In some cases, at least one parent can cut their tax liability by hundreds of dollars. However, the Internal Revenue Service requires that interested parents not only practice careful record keeping in order to qualify for such deductions but also mandates that only certain types of childcare can be deducted for tax purposes. Learning the basic qualifications associated with dependent care tax deductions might save you money as well as unnecessary tax-related drama.
Why Aren’t More American Dads Taking Paternity Leave?
In the United States, only 1 in 100 dads take more than four weeks off from work following a baby’s birth.For comparison, about 50% of employed new mothers take the same time off
Tax Tips for Gifts to Charity
Although you donate gifts to a charity as an act of kindness, your charitable generosity may give you some much needed tax relief. Each time you make a donation, regardless if it is monetary, a service rendered or material items, make sure you obtain some type of record for your donation. When it comes time to file your tax return, pull out those records for the gifts you gave to charity throughout the year, and you could possibly decrease the amount of taxes you owe. Monetary Donations
Tax Time is Approaching: Get Organized Now!
To get organized for April 15, 2012, start now! There are several ways you can get yourself organized for tax season.
Fighting the Silent Signs of Stress
Have you been suffering from chronic fatigue lately? Find yourself tossing and turning at night unable to shut off your brain? Feeling at a low emotionally, physically or spiritually? Have you lost your appetite? Or are you binge eating from stress or boredom? Been looking for your mojo and cant seem to find it anywhere?