Thinking of buying a motor home? Be careful! You see, your ability to take advantage of a section 179 deduction is somewhat in limbo. It’s possible that lawmakers will reinstate last year’s limits on section 179 expensing. Or maybe they won’t. And that’s the point. The status of the law is unclear at this time. Which is why, in my new article, I’ll examine the gamble you’ll … [Read more...]
How buying a vehicle now can earn 2014 tax deductions
Friends! Buy a car, truck, van, or SUV today! No. I’m no car salesmen. I’m an accountant. But I still think “Buy Now!” is good advice when it comes to business vehicles. You see, if you’re planning to purchase a car, truck, van, or SUV for business use, there are tremendous tax advantages to buying before the end of 2014 — especially since you’re up against the highest … [Read more...]
How your family can earn you a tax deduction
The family is a great institution for many reasons. But don’t forget this one… You can use your family to slash your tax bill! That’s right. Your family can also be extremely useful from a tax standpoint. In fact, as we head towards 2015, it’s possible that some big family-related deductions are ripe for the picking – if you act by year’s end! Of course, if you want to … [Read more...]
Powerful stock-portfolio tax-saving strategies
Your stock market portfolio is a great place to look for year-end tax-savings opportunities. Why? Because, if you know how to play the game… You can avoid paying taxes on stock appreciation by gifting stock to charity, your parents, and your children. You can play a simple game of offset which cancels out high taxes. If you want to learn how to handle stock market … [Read more...]
Year-end tax-savings ideas not to be missed!
I know. Some tax-savings ideas can be rather complicated and a bit difficult to implement. That’s why I’ve pulled together five super-easy tax-savings ideas for you to use now! Hey, 2015 is almost here and it would be pity not to keep all the money you’re entitled to in your pocket. Not Uncle Sam’s. If you’re looking for some money-saving ideas you can put into action … [Read more...]