The only people who like the tax season are the accountants and tax professionals because their income jumps up.
For us non professional tax people there are some good ways to be informed as to how you can save money.
For us non professional tax people there are some good ways to be informed as to how you can save money.
People who "Do" taxes for you often don't look hard enough for the legitimate deductions that you can get. They charge a flat fee and just want to get you done and out of the office with your check in hand.
If you know enough about these deductions you can tell them and they will have to respond.
So, to look good in your eyes now they start to actually do what they are paid for - save you money with legitimate deductions.
Do you know what your mileage allowance is for 2010?
How about mileage deduction for 2011?
The standard deduction for 2010 is $11,400 for married couples filing a joint return, and qualifying widows and widowers. $5,700 for singles and married individuals filing separate returns. $8,400 for heads of household.
If you are over 65 it is different. The facts are available at www.TaxMan123.com
It is a very easy to understand website for us regular folks - my friends like it because it is practical and gets to the point in a way that most anybody can understand.



