Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. It’s an annual allowance for the wear and tear, deterioration,…
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Tax Tip of the Week: Education Tax Credits
Education tax credits can help offset the costs of education. If you or your dependent is a student, there are two educational tax credits that cover common student expenses that…
Personal Finance Tip of the Week: Take a Defensive Driving Course to reduce your auto insurance
Defensive driving classes cover a range of topics, including proper yielding procedures, lesser-known driving laws, post-accident protocols and drunk-driver detection. For some “non-voluntary” participants, defensive driving classes may be a…
Personal Finance Tip of the Week: Take Advantage of Employer Education Reimbursement
Earning your college degree while working is a smart career move. It increases your value to your employer, and it improves your career trajectory. By continuing to work while getting…
ax Tip of the Week: What is Earned Income Tax Credit (EITC)
EITC is a benefit for working people who have low to moderate income. The tax credit part of the term, means more money in your pockets, reducing the amount of…
Tax Tip of the Week: What is Alternative Minimum Tax (AMT)?
AMT is a supplemental income tax imposed by the government, required in addition to baseline income tax for certain individuals, corporations, estates, and trusts that have exemptions or special circumstances…
Personal Finance Tip of the Week: Limit Your Credit Cards to One
Credit card companies are really good at making things appear to be more then what they seem. They offer you credit cards at 0% interest rate with a $2,000 for…
Personal Finance Tip Of The Week: Get In The Swing Of Using A Check Register
A check register is your personal record of your checking account, separate from the records your bank keeps. This allows you to see (and continually update) your account balance, any…