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American opportunity tax credit for the first 4 years of higher education Deduction for education that maintains or improves job skills Exclusion of employer-paid education for job-related cour...
What can you do with a tax refund? Here are some suggestions that can help you generate future tax rewards:Make an IRA or Roth contribution (if eligible) Contribute to a health savings account ...
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Ask JK
Advanced- For purposes of the 3.8% additional Medicare tax on net investment income in 2013, how does this relate to rental income?
- Can I make a direct transfer of my IRA to my church and qualify for tax-free treatment (up to $100,000)? I’m 72 years old.
- 5 Apps to Help with Taxes
- Can exercise equipment qualify as a deductible medical expense?
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Tax Tips
Skip the Fourth Installment of Estimated Taxes for the Year
Instead of paying your last installment, merely file your tax return by the end of January rather than waiting until April. You won’t owe any late payment penalties. If you’re owed a tax refund, you’ll get it that much sooner.
Factoids
FACT:
An estimated 16,500 IRS auditors, agents, and other employees could be needed to collect the new taxes that will levied on taxpayers under the new health care law starting in 2014.
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