Posts Tagged ‘tax-deductions’
Tax Deductions That Might Lead to Audit
There are certain tax deductions, more so than others, that can lead to an IRS audit. Not many things are as scary as an IRS audit and there are some tax deductions that can lead to a higher risk on your tax return. Be sure to take the right steps when reporting these three. Charitable…
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Early Mortgage Payments Help Cut Taxes
With 2016 right around the corner, now is the time to help yourself save on taxes. There are many tax breaks associated with home-ownership, and the best way to maximize these is to move funds before the end of the year. Making a mortgage payment in early January can lower your IRS bill because it includes…
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Year End Tax Estimate and Tips: Part 2
In the second half of the tax estimate tips and tricks, find out how different kinds of deductibles and rates of taxation can affect your return in April. 7. Claim dividend income Form 1099-DIV will determine whether or not your dividends from mutual funds qualify for the 15 percent tax rate or not. To figure…
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