3 Things To Make Sure You Include In Your Taxes When You Work As A Blogger
28 February 2017
If you make your living as a blogger, here are three things that you need to make sure that you include when you file your taxes. This information can help lower your tax liability and your tax bill.
#1 Health Insurance Costs
Many independent contractors are not aware that they can actually deduct their health insurance costs. As an independent contractor, you can deduct the entire cost of your premium that you pay for health insurance for yourself and your family.
Three Ways Your Pets Could Potentially Lead to Tax Deductions
20 January 2017
Wouldn't it be nice if you could count your pets as dependents? After all, they certainly depend on you -- an ill pet can easily cost as much as a child. Unfortunately, pets aren't considered necessities by the Internal Revenue Service (even though they might feel that way to us). Because of that, there are very few pet-related costs that can actually be tax deducted. If you want to get the most out of your deductions, you're going to have to focus on these three issues.
Retiring on a Fixed Income? 3 Ways to Control 3 Major Life Expenses
29 December 2016
If you're going to be retiring on a budget—especially if fixed income sources like Social Security are a primary part of the plan—it's important to find ways to control and plan for costs. But, with so much about retirement always being up in the air, that can seem like an impossible task. However, you can control some retirement expenses with some pre-planning. Here are a few tips for controlling expenses in three categories: taxes, health care, and housing.
The Tax Benefit Of Donating Excess Restaurant Food To A Soup Kitchen
14 November 2016
Busy restaurants often have unsold food left over at the end of each day. Some of the food may be used the following day, but wholesome food is sometimes discarded. A practical solution for minimizing wasted food is available. Restaurants can receive a tax deduction in exchange for donating unsold food to a qualified charity.
Tax deductions for charitable donations are generally limited to the fair market value of donated items.