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Tuesday February 9, 2010
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Tax Deduction News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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Latest Tax Deduction News

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  • 10 ways to maximize your tax deductions -- without itemizing 9 Feb 2010 13:10 GMT
    ... Too often, taxpayers are led to believe that if they ... don't , then there are no real deductions available to them beyond the standard deduction. ...

  • Money Matters : How Haiti donations can become 2009 tax deductions 9 Feb 2010 12:19 GMT
    ... moved to open their wallets to make charitable donations. While charitable contributions are generally tax-deductible, normally donors have wait until the following year to claim that deduction. However, in ...

  • Bill allows Haiti aid tax deduction for Minnesotans' charitable giving 9 Feb 2010 06:59 GMT
    ... Minnesota taxpayers could deduct contributions to Haiti earthquake relief programs when they file their 2009 state income tax ...

  • Get the Most Out of Your Tax Deductions 9 Feb 2010 04:32 GMT
    ... you organize all of your paperwork -- this includes W-2s, other forms that show taxes withheld during the year, and receipts for itemized deductions and charitable donations, Hobson said. Two important things to remember about charitable donations, if ...

  • How unemployment affects your income taxes 9 Feb 2010 05:13 GMT
    ... Here's a look at some tax issues awaiting you: Unemployment benefits are taxable ... at higher income levels, such as itemized deductions, personal exemptions, education-related credits and deductions, the ...

  • Unemployment's effect on taxes 9 Feb 2010 07:13 GMT
    ... Here's a look at some tax issues awaiting you: Unemployment benefits are taxable ... at higher income levels, such as itemized deductions, personal exemptions, education-related credits and deductions, the ...

  • Net Worth: How unemployment affects your income taxes 9 Feb 2010 16:36 GMT
    ... Here's a look at some tax issues awaiting you: Unemployment benefits are taxable ... at higher income levels, such as itemized deductions, personal exemptions, education-related credits and deductions, the ...

  • Today's IRS Tax Filing Tip: Write Off Your New Car Purchase 9 Feb 2010 03:34 GMT
    ... tips so you can do your 2009 tax return? If you bought a new vehicle ... may be entitled to a special tax deduction for the sales and excise taxes on ...

  • SMART MONEY: How to reduce your taxes 9 Feb 2010 09:34 GMT
    ... investments are an important means of generating tax savings. With the March 1, 2010 RRSP ... file your return: • Carry forward tax deductions: RRSP contributions result in a tax deduction, ...

  • Bill allows deductions for Haiti relief 9 Feb 2010 06:50 GMT
    ... A legislative tax panel approved a bill Monday that would ... bill Monday that would let state taxpayers deduct donations to Haiti earthquake relief efforts when ...

  • Relief in property circles as most tax options ruled out 9 Feb 2010 17:58 GMT
    ... Investors Federation is relieved that most housing tax options were ruled out in Prime Minister ... they would still get the same tax deductions," King said. Axing building depreciation would bring ...

  • Debt taxation datapoint of the day 9 Feb 2010 00:24 GMT
    ... that one key cause of the crisis was the tax-deductibility of interest payments, and the incentive that allows companies to finance themselves with dangerous ...

  • Haiti donation tax break clears Minn. House panel 9 Feb 2010 02:42 GMT
    ... Haiti donation tax break clears Minn. House panel St. Paul, ... bill Monday that would let state taxpayers deduct donations to Haiti earthquake relief efforts when ...

  • CIBC offers expert advice for a tax-efficient RRSP season 9 Feb 2010 14:16 GMT
    ... Tax expert Jamie Golombek's tips to save on ... RRSP now. Higher-income contributors receive a tax deduction for contributions made to their spouse or ...

  • Tax change will push up rents, says report 9 Feb 2010 17:58 GMT
    ... deteriorate if the Government axes building depreciation tax claims, says a KPMG report commissioned by ... higher rents as landlords recovered lost tax deductions. "Neither will be a particularly desirable outcome. ...


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