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10 Tax Benefits for Parents with Kids

10 Tax Benefits for Parents with Kids

By Admin on January 24, 2012

Your children may help you qualify for some valuable tax benefits. Here are 10 things parents should consider when filing their taxes this year.

Posted in Tax Tips | Tagged Adoption Credit, Child and Dependent Care Credit, child tax credit, Children with investment income, deduction, Dependents, earned income tax credit, Education tax credits, EITC, Higher education credits, Student loan interestSelf-employed health insurance, Tax Benefits | Leave a response

Home Office Deductions

Home Office Deductions

By Admin on March 16, 2011

Whether you are self-employed or an employee, if you use a portion of your home for business, you may be able to take a home office deduction.

Posted in Tax Deductions, Tax Tips | Tagged deduction, home office, home office deduction, self-employed | Leave a response

Special Tax Break Available for New Car Purchases This Year

By Admin on April 1, 2009

The Internal Revenue Service announced yesterday that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.

Posted in Tax Deductions, Tax News | Tagged deduction, excise taxes, local sales taxes, new car deduction, tax break | Leave a response

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