Tax Tips for Students That Have Summer Jobs

personal finance

You're out of school for the summer and trying to make some extra money for next semester don't forget to pay your taxes. The IRS is a persistent beast and they will not let you get away without their fair share. 1. Your employer is going to make you complete a W-4 (Employee … [Read more...]

Tax Credits for Energy Efficient Homes

personal finance

If you install certain energy efficient products like heating and cooling systems, insulation, roof, doors and windows you can receive a sizable tax break. Your tax break for installing any of these energy efficient products between January 1, 2009 and December 31, 2010 will be to … [Read more...]

Tax Tips for New Business Owners

personal finance

If you have a newly opened business or plan on opening one in the near future here are some taxes to save you big bucks. 1. Choosing the correct business entity will have a large impact on how you pay taxes. The four most common types of business's are a sole proprietorship, … [Read more...]

Child Care Expenses May Qualify for New Tax Credits

personal finance

Parents who have to work and have children under the age of 13 in daycare during the summer may qualify for a nice tax credit. Below are some things the IRS will ask you to see if you qualify for this tax break. 1. If you child goes to day camp this may be considered an expense by … [Read more...]

9 Tax Tips for the New Business Owners Tanning Service Tax

personal finance

As most of the tanning business owners know by now you will have to incur a new tax starting on July 1, 2010 thanks to the Affordable Care Act. Below are 9 tips on the tanning excise tax that you will have to collect. 1. If your tanning business uses ultraviolet bulbs you have to … [Read more...]