Cutting Taxes

Big Tax Breaks You Can Still Get for 2008…
Cutting Taxes

Big Tax Breaks You Can Still Get for 2008…

Sidney Kess, CPA, JD | September 4, 2012

Don’t overlook these tax-saving ideas for 2008. You can use them during the rest of the year to reduce the…

Refinancing Your Mortgage? Maximize the Tax Breaks
Cutting Taxes

Refinancing Your Mortgage? Maximize the Tax Breaks

Diane Kennedy, CPA | August 22, 2012

Interest rates may be falling slowly, but they are falling, as the Federal Reserve seeks to ease credit. As of…

New Deductions and Timely Strategies for a Bigger Tax Refund
Cutting Taxes

New Deductions and Timely Strategies for a Bigger Tax Refund

Sidney Kess, CPA, JD | August 22, 2012

In today’s tough economy, you’ll want to give as little as possible to the IRS... and get the biggest tax…

Minimize AGI
Cutting Taxes

Minimize AGI

Sidney Kess, CPA, JD | August 3, 2012

Reducing your adjusted gross income (AGI) for 2009 can produce multiple benefits, including... Increasing deductions for expenses that have percentage-of-AGI…

Tax-Free Income 12 Different Ways
Cutting Taxes

Tax-Free Income 12 Different Ways

Sidney Kess, CPA, JD | August 2, 2012

The best income to receive tax-wise is tax free. And while it may seem surprising, there are many kinds of…

Summertime Home and Travel Tax Breaks
Cutting Taxes

Summertime Home and Travel Tax Breaks

Laurence I. Foster, CPA/PFS | August 1, 2012

Summertime is the prime time for many people to enjoy vacation homes and travel. And vacation time is even more…

Cash in Your Losses to Save on Taxes in This Volatile Stock Market
Cutting Taxes

Cash in Your Losses to Save on Taxes in This Volatile Stock Market

Jason Hsu, PhD | August 1, 2012

Stocks are down sharply since reaching record highs in 2007. You may now hold stocks and stock funds that are…

How to Pay the Least Tax on Social Security Benefits
Cutting Taxes

How to Pay the Least Tax on Social Security Benefits

Sidney Kess, CPA, JD | July 31, 2012

  Social Security benefits are taxable and can have the surprise effect of nearly doubling your marginal tax rate --…

E-Taxes: Manage Your Taxes On-Line This Filing Season and All Year
Cutting Taxes

E-Taxes: Manage Your Taxes On-Line This Filing Season and All Year

James Glass, Esq. | July 30, 2012

The IRS is trying to move the tax system from being paper-based to being electronic. To do so, it is…

Perfectly Legal Ways to Cut Taxes on Your IRAs
Cutting Taxes

Perfectly Legal Ways to Cut Taxes on Your IRAs

Ed Slott, CPA | July 30, 2012

Thirteen million households are eligible to convert tax-deferred traditional IRA accounts to tax-exempt Roth IRAs in 2010. That includes millions…

Tax Hikes Ahead
Cutting Taxes

Tax Hikes Ahead

Randy Bruce Blaustein, Esq. | July 16, 2012

10 money-saving moves to make before year-end Year-end tax planning in 2009 may be more important than it has been…

Big Changes Ahead for Taxes—What to Do Now to Cut Your Bill
Cutting Taxes

Big Changes Ahead for Taxes—What to Do Now to Cut Your Bill

Greg Rosica, CPA, CFP | May 24, 2012

Congressional gridlock has had one slightly beneficial impact on federal income tax filers this year—there weren’t many big changes in…

Real Tax Breaks for Real Estate Investors
Cutting Taxes

Real Tax Breaks for Real Estate Investors

Blake D. Rubin, Esq. | March 8, 2012

The pullback in real estate prices in many areas of the US might offer buying opportunities for careful investors. What’s…