Married Filing Taxes Jointly Vs. Married Filing Separately

Married couples have the choice of filing their taxes jointly or separately. What is the best option for you and your spouse? Generally, it is to file jointly – but there are several factors to consider before making your choice. Obviously, the first hurdle is that you have to be married. For tax purposes, you…
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Use The Snowball Method To Pay Off Debt

Personal finance experts love to argue about the best approach to shrinking your debt: paying off loans with the biggest balance first vs. tackling your highest-interest debt. This debate can get as heated as a Thanksgiving dinner where your relatives debate politics, religion or the winner on Dancing With The Stars. Now comes new research…
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IRS Warns Of Top 12 Tax Scams For 2017

The Dirty Dozen — a 1967 war movie starring Lee Marvin, Charles Bronson, and Jim Brown, or a list of the top twelve tax scams as identified by the Internal Revenue Service? Would you believe that it’s both? Each year, the IRS releases a list of the “Dirty Dozen” tax scams to watch out for…
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10 Smart Ways To Lower Your Tax Bill

Taxes again? Didn’t we just give the government tax money last year? Indeed we did, as we do every year. However, you can give the government less of your money by taking advantage of all the legal tax savings for which you qualify. Here are 10 of the finest ways to hang onto more of…
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How To Claim Car Expenses On Your Tax Return

When you use your car for both personal and business reasons and you are not fully reimbursed through your employer for the business expenses, you can deduct those costs from your taxes. How do you go about claiming these deductions? Assuming that you itemize, you have two general paths: Standard Mileage Method – The IRS…
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