Tags » Tax Filing

Business Tax Provisions: the Year in Review

Whether you file as a corporation or sole proprietor here’s what business owners need to know about tax changes for 2017.

Standard Mileage Rates 
The standard mileage rates in 2017 are as follows: 53.5 cents per business mile driven, 17 cents per mile driven for medical or moving purposes, and 14 cents per mile driven in service of charitable organizations. 522 more words

Tax Planning

Tax Advantages of Health Savings Accounts

While similar to FSAs (Flexible Savings Plans) in that both allow pre-tax contributions, Health Savings Accounts or HSAs offer taxpayers several additional tax benefits such as contributions that roll over from year to year (i.e., no “use it or lose it”), tax-free interest on earnings, and when used for qualified medical expenses, tax-free distributions. 902 more words

Tax Planning

Introducing TurboTax Live! Have a TurboTax CPA or EA Review Your Tax Return Before You File

We are excited to announce that starting today, TurboTax is transforming assisted tax preparation with the introduction of a new way to do taxes, TurboTax Live! 386 more words

TurboTax News

Income Tax E-Filing Process For Salaried Individuals

In India, we pay two types of taxes to the government:

1. Direct tax – it is deducted from the salary/income you earn and hence, is also known as income tax. 598 more words

Tax

Tax Deductions for Educators

With the fall semester of the school year well underway teachers, administrators and aides should not forget to keep track of education-related expenses that could help reduce their taxes when they file their returns next spring. 743 more words

Tax Planning

Small Business: Tax Breaks for Charitable Giving

Tax breaks for charitable giving aren’t limited to individuals, your small business can benefit as well. If you own a small to medium size business and are committed to giving back to the community through charitable giving, here’s what you should know. 1,223 more words

Tax Planning