From day one of his presidency, if not before, Obama has made no secret about reducing or limiting the home mortgage interest deduction in order to increase revenue...

Ready for a scary tax story A few years ago, one of my clients (let's call him Mr...

The child care tax deduction is of vital importance to look at for couples with children 12 (twelve) and under...

The American Dream is often paired with owning one’s own home For decades Legislator’s have protected that dream with allowing home owners to claim the mortgage interest paid on their homes as a tax deduction...

You’re filing your first federal tax return as a home business owner, and naturally want to take the home office deductions to which you are entitled...

Most workers in the United States have many different bills automatically deducted from their paychecks...

Student loans are eligible for interest deductions on taxes For example, the student loan interest deduction will allow you to take up to $2,500 as a deduction on any interest you paid on a student loan debt...

Automotive trends are beginning to change Gas guzzling SUVs are making way for smarter hybrid vehicles...

Every time you think about it, you want an improved home The expenses around you are just mounting, and you wonder if there is any relief...

When you finally decide it is time to prepare your taxes, the first question is whether you should itemize your deductions or take the standard deduction provided by the IRS...

Congress has passed legislation that is supposed to result in a more "sensitive" Internal Revenue Service...

When an individual files their tax returns each year they are able to claim a number of tax deductions...

The taxes that are withheld from paychecks amount to about 25% of your gross pay (including federal tax, state tax, social security tax and medicare tax)...

Tired of dealing with those complex depreciation rules Thanks to recent tax law changes, here's how to avoid them completely while benefiting from a lucrative small business tax break that not only puts money in your pocket, but also makes the filing of your income tax return much simpler...

If you’re in business, you’re interested in the IRS mileage deduction rates The 2005 rates fluctuated because of high gas prices and now the 2006 rates have been released...

A committee appointed by President Bush has come up with an alarming recommendation They want to limit the tax deduction for mortgage interest...

With a traditional Investment Retirement Account (IRA) you pay taxes when you take the money out at retirement in the future...

Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act...

If you are environmentally conscious and purchase a 2005 Ford Escape Hybrid vehicle that combines a gasoline-powered engine with alternative power methods, you are in line for a nice tax deduction...

Any points that you pay in the refinancing of your residence are tax deductible over the length of the loan in question...

In the rush to get tax returns prepared and filed by April 15th, many overpay their taxes Following are a few tax reduction tips that could help you save a bundle...