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Your Standard Deduction amounts for 2010

Before you efile your federal taxes this year, you may want to take a moment to get to know the standard deduction a little better. A standard deduction is a dollar amount, based on filing status, which reduces income on which you are taxed, with additions for age or blindness. This differs from ite... [Read More...]

Taking Employee Deductions

Even if you are not the owner of a small business, you may be able to take tax deductions on the business use of your home as an employee. The rules are very similar to those for a small business owner. 1. As you complete your tax return, keep in mind the area of your home must be used as a prin... [Read More...]

Hidden Educator Expense Deduction

One of the extremely cool things about choosing to e-file with TaxSlayer is that they help you find hidden tax deductions. Unfortunately, sometimes those deductions change, and not always for the better, so it’s good to be aware of what’s different when you e-file your tax return. Let’s look at ... [Read More...]
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