Posts Tagged ‘tax deduction’

Tax Relief News: Joint Tax Committee Releases Top 10 Tax Expenditures

Wednesday, August 3rd, 2011

The Joint Tax Committee recently released their list of Estimates of Federal Tax Expenditures for Fiscal Years 2009-2013. The Joint Committee on Taxation is a nonpartisan committee of the United States Congress who assists Members of the majority and minority parties in both houses of Congress on tax legislation (see the website here). In Congress tax expenditures are what we like to call tax breaks or deductions;  the tax rules
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Tax Benefits for Education: Deduction of up to $4,000 Available for Tuition and Fees

Thursday, April 2nd, 2009

Many people may qualify for a significant reduction in their tax burden if they qualify for an educational tax break from the IRS. While there are tax benefits available for college and other post-secondary expenses, trying to figure out if and how your qualify for the various benefits can be confusing.
It can be difficult to determine which breaks you are eligible for and what will produce the greatest benefit. When
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KLOS Tax Tip #58: Tax Break for New Car Purchases – and Tax Relief for Hardworking Americans with IRS Problems

Tuesday, March 24th, 2009

As the KLOS Tax Man, I give free tax advice to listeners with IRS problems. It’s the perfect way for me to help people with tax debt and reach more Americans who need tax help. Check it out!
The KLOS Tax Man, Tax Tip #58: Buyers of new cars can deduct a sales tax even if they don’t itemize! This break applies to vehicles purchased after February 2009 and before next
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