Taxes

A major component of your overall expenses are the various taxes that you must pay. Paying taxes is a fact of life; however, it does not mean you should not be looking for way to reduce your taxes. Articles in this section will help you better understand various taxes and things that you could do to minimize your tax burden. Additionally, check out these related sections: budgeting, smart spending, and insurance and risk management.

Taxes is a subsection of expense management.

Top 10 Tax Deductions for Rental Property Owners

Top 10 Tax Deductions for Rental Property Owners

When you own rental property you are essentially running a small business. Here are 10 primary tax deductions for rental property owners that you can use to reduce your rental income for income tax purposes. 1. […]

Quarterly Estimated Tax Payments Due Dates for 2013-2014

Quarterly Estimated Tax Payments Due Dates for 2013-2014

For all the freelancers, small business owners and self-employed individuals out there, staying on top of when the estimated tax payments are due is important to help you stay within the IRS tax payment guideline and […]

IRS 2013 and 2014 Tax Tables (Federal Income Tax Rates)

IRS 2013 and 2014 Tax Tables (Federal Income Tax Rates)

The following article contains information about the federal income tax rates for 2011, 2012, and 2013. Use 2013 rates to prepare and file your 2013 tax return in early 2014. Use 2014 rates to plan for […]

Watch Out for These Four Tax Scams

Watch Out for These Four Tax Scams

Tis the season for tax scams. As always, scammers are out in full force, looking for ways to get their hands on some of your hard-earned cash. Before you trust someone with your tax information, stop and […]

6 Strategies to Reduce Your Taxable Income

6 Strategies to Reduce Your Taxable Income

The tax year is over, so it’s too late to come up with ways to lower your tax bite. Or is it? Below are six strategies to reduce your taxable income, and all they will take […]

5 Tax Tips To Help You Get Started This Filing Season

5 Tax Tips To Help You Get Started This Filing Season

As we slowly approach the April 15th deadline for filing 2012 tax returns, the following are 5 tips to help you get started with you tax filing process. 1. File Your Return On Time If you […]

What Income Do You Need to Report to the IRS?

What Income Do You Need to Report to the IRS?

One of the realities of earning more money is that you also need to report that income to the IRS. When you have a side hustle, you are supposed to report that income — no matter […]

Important Tax and Filing Dates for Individuals and Small Businesses

Important Tax and Filing Dates for Individuals and Small Businesses

For both individuals and small businesses, keeping track of all the important tax and money due dates throughout the year can be overwhelming. Forgetting a deadline is an extremely costly mistake in most cases: you end […]

Do You Need to Pay Quarterly Estimated Taxes?

Do You Need to Pay Quarterly Estimated Taxes?

I have been running my home business for almost six years now. As a result, I am well acquainted with the concept of paying quarterly estimated taxes. Paying quarterly estimated taxes not only keeps the IRS […]

Should You Ever Donate Your Vehicle to Charity?

Should You Ever Donate Your Vehicle to Charity?

In the past the process of getting rid of a used vehicle that you didn’t want to bother selling was pretty simple. Just find a charity to accept the vehicle as a donation and take a […]

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