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Tax Deductions for the Unemployed

tax deductions for unemployed

Losing your job is one of the most stressful things you can go through. However, it doesn’t give you an excuse to not pay your taxes or pay attention to tax deductions that you qualify for. Unemployment checks are taxable It is important to remember that unemployment compensation is taxable. Take it from me, you […] Read more…

Top 10 Tax Deductions for Parents


Being a parent is perhaps one of the most important responsibilities in life. It changes your life as well as your finances. And that’s why the IRS provides multiple tax deductions for it. Why not lower your taxes and get all of the tax deductions you qualify for? Whether your child was just born, is […] Read more…

Last Minute Tax Tips

tax tips

Tax Day is almost here and if you haven’t gotten started yet, there’s good news. You have 2 extra days this year! Taxes aren’t due until April 17, just like last year. Why? Typically Tax Day is April 15. The deadline was delayed since it lands on a Sunday this year and the following Monday […] Read more…

New Tax Laws for 2011


The new tax law, signed by President Obama on December 17, 2010, temporarily extends the 2001 – 2003 federal income tax rate cuts, extends unemployment for 13 months, implements new payroll tax breaks, reestablishes the estate tax, and more. This is good news for most taxpayers. With this long recession, we all need tax breaks, […] Read more…

Tax Day in 2011 Extended


  Good news, folks! Not only is 2011 the year for extension of tax cuts, but it’s also the year we get 3 extra days to file our taxes. Tax day has been extended to April 18 for 2011 only. Why? Emancipation Day, a holiday that celebrates the freeing of slaves in Washington D.C. falls […] Read more…