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Tax Free Weekend Is Heading Your Way

August is approaching, and that means students everywhere will be returning back to school, but don’t start school shopping just yet. You may be able to save big during Tax Free Weekend. Once a year, select states allow their residents to purchase clothing, computers, school supplies and other related products, tax free. Not sure if and when tax free weekend is heading your way?
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Tax Deductions for Renters

If you rent an apartment or house, you probably wonder if you can get some type of tax break for your monthly rent payment. While you cannot deduct rent you paid while renting a home from your federal return, some states offer a deduction for this. We will cover the renter’s deduction and other federal tax deductions you may be able to take. [Read More...]

Don’t let Natural Disasters lead to a Tax Disaster

The recent heavy rains have been record-setting for the east coast. Floods, tropical storms and other natural disasters should be a good reminder that important documents should be stored in a safe and, most importantly, DRY place. Tax information is no different. Along with old photos and keepsakes, tax information can be extremely tough to replace. While it’s an option to order tax transcripts and tax histories from the IRS, you’re at their mercy as far as availability and accuracy go. Not to mention, the IRS doesn’t maintain secondary documents, such as receipts and donation letters – things you could need to verify certain deductions and credits. So, if you haven’t found a safe spot for your tax info yet, you can start by organizing. [Read More...]

To Yard Sale or Not Yard Sale That is the Question

So you finally creek open that basement door that’s been hiding your lost treasures. You know those wonderful pair of pants you were dying to have, but haven’t found the right occasion to wear them. Or the very strange shirt your wife bought you that came with the attached tie. No matter what’s hiding behind that door you most likely want to get rid of it. I’m sure you’re thinking yard sale. Just throw everything on the lawn and rake in the cash, but what if there’s a better option. [Read More...]
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