Search Results for: tax return
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.
Britax Recalls Over 700,000 Strollers
Britax Child Safety Inc has recalled over 700,000 strollers that have the Click & Go receiver mounts because there have been 33 reports of the car seats detaching and falling off the stroller. The recalled strollers include Britax B-Agile and BOB Motion strollers that are used with a travel system with a car seat carrier. There have…
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