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List of 2009 Tax Deductions and Credits

Mammoth list of tax deductions, old and new. Each section includes links to the relevant IRS page(s) for more detailed information. read more »
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Where do I deduct my 401k contribution?

One of the questions I receive most frequently as a tax accountant: "Where on my tax return do I deduct my 401k contribution?" Short answer: You do[...] read more »
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Tax Deductions: Health Care Expenses

There are ways to recoup some of your expenses. In some cases, you can deduct your health care costs. If you are looking to offset some of the cost o[...] read more »
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IRS Home Mortgage Interest Income Tax Deduction 2008, 2009

When looking for deductions as a homeowner, make sure that you have all the information necessary to receive the full income tax deduction. When tax time comes, your home can be a huge tax deduction. Most taxpayers are aware that they can deduct the read more »
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Year End Tax Considerations in a Rising Government Spending and Tax Rates Environment

With higher rates a real possibility, you may need to rethink the way you do year-end tax planning, and these are four ways of potentially maximizing[...] read more »
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Federal Income Tax Medical Expense Deductions for 2008, 2009

You can claim deductions for medical expenses for yourself as well as medical expenses for any of your dependents as long as they were considered your dependent when the medical service was performed. Any type of payment made in advance for medical read more »
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2008, 2009 Federal IRS Car & Vehicle Mileage Deduction for Taxes

We are all familiar with the prices at the pump. That is why it is more important than ever to seek every deduction possible when calculating your driving expenses that relate to your work or business. It can be a time consuming process but tracking read more »
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Ask The Readers: Taxes for Freelancing

How should someone with freelance income deduct internet and utility costs? read more »
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How to Reduce Your Tax Bill Liability

These tax reduction strategies are simple, possibly good investments
and ones that you can put in place today. I know I have.
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2008, 2009 IRS Standard Business Mileage Tax Deduction Rate

There has been a recent increase in the standard mileage tax deduction rate. It has increased from the previous 48.5 cents per mile to 50.5 cents per mile. This new increase took effect on January 1st, 2008. read more »
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Current Allowable Automobile Mileage Tax Deduction 2008, 2009

Another great advantage to itemizing your tax return is the deductions you can receive from claiming your vehicle mileage. There are many reasons tha[...] read more »
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