There’s more to a good job than a steady paycheck. Full-time employment can earn you all sorts of perks — from employer-sponsored health insurance to generous deductions on your tax return. Here are 10 job-related tax benefits that could save you some serious money.
This post originally appeared on TheJuneBride blog. So… we’re getting into tax season… Anybody excited? I thought not. Now, I am no accountant, but I have always done my own taxes. Even as a high schooler working a few hours after school, I handled my very own 1040-EZ (with some smart parents and a tax […]
One of the central objectives of the Patient Protection and Affordable Care Act — also known as the ACA or “Obamacare” — is to make health care coverage more affordable for millions of Americans who previously couldn’t get, or couldn’t pay for, health insurance. The ACA accomplishes this, in part, by offering tax subsidies to […]
If you itemize deductions on your income tax return, the IRS allows you to write off the cash value of any contributions or donations that you make to tax-exempt organizations. This is an excellent way to lower your taxable income while giving back to your community or supporting an organization that shares your values. Examples […]
There is something deeply satisfying about receiving a big, fat refund from the IRS. Your boss withholds a big slice of your paycheck each month for federal and state income taxes, and now is your chance to get some of that cash back. If your goal is to get the biggest tax refund possible, follow […]
The cost of higher education in America goes up every year. For the 2013-2014 school year, the average annual price tag for tuition and fees at a public four-year college was $8,893 (in-state) and $22,203 (out-of-state). The annual tuition and fees at private four-year colleges was more than $30,000 a year! It’s no wonder that […]
TaxACT Weekly Favorites: October 31, 2014 The 5 Biggest Tax Differences Between an LLC and Corporation By Nellie Akalp Among the many decisions you need to make when launching a business is selecting a business structure. If you do nothing, your business, by default, is structured as either a general partnership (multiple owners) or sole […]