by Kristine McKinley | Feb 26, 2008 | Featured Post, Taxes
Garrett Planning Network Provides Thirteen Smart Ideas (Lee’s Summit, MO) February 24, 2008 – After concluding their tax preparation activities, many people will see that they are entitled to a refund from Uncle Sam. “Whether you refund is large or...
by Kristine McKinley | Feb 14, 2007 | Personal Finance, Taxes
Be careful if you are preparing your own tax return this year; there are several tax deductions, credits and other provisions that are NOT listed on the tax forms. The Tax Relief and Health Care Act of 2006 was passed in December 2006, after the IRS completed and...
by Kristine McKinley | Jan 10, 2007 | Taxes
Do you have a home office? Do you know if it qualifies for the home office deduction? The IRS has actually relaxed it’s position on home office in the last few years, so you may qualify, even if you didn’t previously. To qualify for the home office...
by Kristine McKinley | Jan 6, 2007 | Taxes
A bill has been introduced into the Senate to repeal the AMT tax this week. If you’re not familiar with AMT, it is the Alternative Minimum Tax, created to keep higher income taxpayers from paying too little income tax. Unfortunately, the AMT has never been...
by Kristine McKinley | Dec 15, 2006 | Personal Finance, Taxes
Uncle Sam is now going to help you pay your mortgage insurance premiums! Mortgage insurance is typically required when home buyers purchase a new home with less than 20 percent down. The newest tax legislation allows taxpayers to deduct premiums paid for...
by Kristine McKinley | Dec 13, 2006 | Taxes
If you are a teacher, you probably know about the $250 deduction that is allowed on your income tax return. While this is a very small tax break, every little bit helps. So, I was glad to see that Congress extended this deduction for two more years, until...
