Posts Tagged with: Personal-Income-Tax

Let’s start with the basics, like what is a W-4? A W-4 is a Federal forms that tells your employer how much federal tax to with-hold.  You can adjust your with-holding by changing your fil...
Several options exist for getting a tax break from education expense.  And, there is even a new one!  Sometimes with all of the options, it feels like you need a PhD to find the right educ...
So you are an employee (receive a W-2) and you have some business expenses required for your job, but your employer does not pay you for them.  Can you take them off of your taxes? For expenses ...
Ahhh, school supplies, the smell of fresh books, and yellow buses on the road mean one thing....it is time for Tax School to start!  I know, most people say that there is no way that they would l...
Roth IRAs (Individual Retirement Arrangement) is a popular savings tool as it allows flexibility when withdrawing funds.  Additionally, a Roth IRA allows your money to grow tax deferred, or tax...
Do you like jumping through hoops?  Filling out itemized deductions on a Schedule A is very similar.  Trying to figure out if you can itemize your taxes (Schedule A) is like jumping throug...
Determining whether Social Security Income is taxable causes a lot of confusion.  Beliefs regarding an answer are usually black and white.  Most believe that Social Security income is nev...
With the 2011 tax season now in the books, it's time to start thinking about maximizing tax deductions for next year's personal income tax return.