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Roth IRA's

A Roth IRA differs from a traditional IRA in that you are not allowed a current tax deduction (you use "after tax dollars" to fund), however, withdrawals from Roth IRAs after age 59 1/2 are generally not taxed ... READ MORE

Kiddie Tax – Rules and Pitfalls:

The rules are changing and unless you are aware of these changes, you and your child may get caught in paying more tax than anticipated ... READ MORE

Student Loan Interest Deduction

A qualified student loan is any loan you took out to pay the qualified higher education expenses ...Read More

Home Mortgage Interest

Generally, home mortgage interest is any interest you pay on a loan secured by your home ... READ MORE

Charitable Gifts

IRS rules associated with the deductibility of donations and contributions and general rules when such donations and contributions are  not deductible on your tax return  ... Read More

Mutual Fund Distributions

A distribution you receive from a mutual fund may be an ordinary dividend, a qualified dividend, a capital gain distribution, an exempt-interest dividend, or a nondividend distribution ... Read More

Child Care Credit

You may be able to take the credit for child and dependent care expenses ... Read More

Section 179 deduction

While getting ready for some tax planning or last minute tax reduction ideas you need look no further than your equipment purchases .. READ MORE

Investment Interest Expense

You can deduct investment interest subject to the limitations ... Read More

Educator Expenses

If you were an eligible educator in 2007, you can deduct on line 23 up to $250 of qualified expenses you paid in 2007 ... Read More

401K Plans - New Law Allows In-Plan Rollovers - Read More

IRS issues new regulations for investors ... Read more