A Video Guide to Deducting Expenses

A Video Guide to Deducting Expenses

Every business deals with expenses; like it or not, money has to be spent in the process of earning income. However, deducting expenses from tax returns helps business owners, real estate investors, etc., minimize their tax bills. Deducting expenses can be a tricky...
Are You Missing Out On The Earned Income Tax Credit?

Are You Missing Out On The Earned Income Tax Credit?

The Earned Income Tax Credit (EITC) is for people who work but have lower incomes. If you qualify, it could be worth up to $6,242 in 2015. So you could pay less federal tax or even get a refund. The credit is a refundable credit, so you can receive the benefits of the...
Will the Interest on Your Vehicle Loan be Deductible?

Will the Interest on Your Vehicle Loan be Deductible?

Whether or not the interest you pay on a vehicle loan is deductible for tax purposes depends how the vehicle is being used (for business or personal purposes), the tax form on which the expenses are being deducted, and the type of loan. If the loan were a consumer...