Search Results for: IRS tax
Nursing Mothers Granted Tax Break
Great news! Nursing moms are getting a new tax break from the IRS for breast pumps and other supplies. The same proposal was rejected last year because the IRS didnt think breastfeeding had enough benefits to be considered medical care. But, the American Academy of Pediatrics and other breastfeeding advocates fought for the proposal, citing the many long-lasting health benefits of breast milk. The IRS has changed their tune and will now allow mothers to count the cost of breast pumps and other supplies as a medical deduction.
Tax Credit for Energy Efficient Improvements
Implementing energy-efficient improvements in your home not only helps the environment, but it keeps your wallet filled too. Along with long-term energy savings, you will save money through tax credits. The federal government actively promotes its energy-efficiency tax-credit programs to lead American homes toward increased energy efficiency.
Smartphone Apps to Help You With Your Taxes
Many people fear tax time, but it really isnt that difficult. There are a lot of resources that can help you properly fill the tax forms so that you get the right amount of money back, and there are even some great smartphone apps that are specifically created to make tax time even easier. These are the best and most helpful apps that you can use to help with your taxes. Most of them work with both iPhone and Android smartphones. TurboTax SnapTax
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
How to Fly Your Family First Class for (Almost) Free
Do you ever dream about taking your family on an amazing family vacation in which you fly first class to London, Paris, or even further afield – perhaps a safari in Africa or snorkeling in the Maldives? But then the reality of an expensive and harrowing long-haul flight in coach sinks in, and you sigh, starting to plan a trip to see relatives or a quick jaunt to Florida, the Caribbean or the West Coast.