by edbarton | Mar 17, 2022 | Taxes, Personal Finances
You Can Save More Than You Think On Your Taxes Next to wanting to contribute to charitable causes, perhaps your biggest motivation to donate your car is the substantial tax break it can give you. Don’t be misled by information about your return because the tax breaks...
by edbarton | Mar 17, 2022 | Taxes
A Few Interesting Tax History Tidbits The first known income tax that Americans were legally required to pay was enacted during the 1860s and the Presidency of Abraham Lincoln. The Civil War proved very costly to fund, and the President and Congress created the...
by edbarton | Mar 16, 2022 | Taxes
Retirement Basics For 401(k) Savings Many employers offer 401(k) plans to help their employees save for retirement. However, there is much to learn about the 401(k) – details and explanations that will help someone decide whether a 401(k) is right for them or not....
by edbarton | Mar 16, 2022 | Taxes, Personal Finances
Most People Should... It is unfortunate but true that many people do not even consider consulting a tax attorney until they open their mailboxes one day, and there is that dreaded letter from the IRS. A tax attorney is a lawyer that specializes in all areas of taxes....
by edbarton | Mar 16, 2022 | Taxes, Investing
Do you Know Capital Gains Basics? Capital Gains Tax is imposed on capital accumulation, investment, and productivity. Some of the income subject to capital gains tax includes selling an investment, a home, a family business, a farm or ranch, or even a work of art. The...
by edbarton | Mar 15, 2022 | Taxes
It Depends Folks who use their vehicles for business or have vehicles dedicated to the business can deduct the mileage for business travel. There is a standard mileage deduction that can be claimed on your tax return, as well as an actual expense option. Which is...
