Tax Strategies
For tax refunds, direct deposit is the way to go
Some taxpayers like to actually get a check from the government, but there are distinct advantages of requesting direct deposit. NEW YORK (MainStreet) —…
What’s the best tax break for childcare expenses?
Most working parents have only one way of getting a tax break on the expenses they pay for childcare – the special tax credit allowed…
Smart move: Deduct your relocation expenses
Did you move for a job last year? You may be entitled to a deduction for your unreimbursed moving expenses.NEW YORK (MainStreet) — Did you…
Do I need my babysitter’s Social Security number?
Mary Poppins might play hard ball if you ask for her social. Here's a spoonful of tax advice to help you get her on the…
How to avoid getting audited
The IRS has been stepping up its efforts to ensure that Americans are accurately reporting the taxes they owe. This means that the IRS is…
Is a live-in girlfriend or boyfriend tax-deductible?
Maybe, if she wasn’t working last year, or didn’t earn very much. A qualifying partner gives you an extra personal exemption, worth $3,800. This works…
How much tax should I have withheld?
Withholding tax (also known as “payroll withholding”) is essentially income tax that is withheld from your wages and sent directly to the IRS by your…
Tax Tip: The head of household loophole you won’t want to use
One spouse in a married couple filing separate returns can file as 'Head of Household,' but the trick isn't a pleasant one. NEW YORK…
