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Category: Tax Saving

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7 U.S. States With No Income Taxes

When it comes to income tax, it is no mystery that there are large variances state by state. In fact, some states have no income tax liability. Many of these states pick up the difference with changes in sales tax, property tax, and corporate taxes. There are seven states in total that have various ways...

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End of Tax Year

The end of the tax year is fast approaching and as everyone rushes to maximize their tax-free savings first direct has compiled some tips to help negotiate the tricky waters. Get a grip on your finances – work out how much you have in savings, what rate of interest you’re receiving, and whether you’re taking...

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How the Super Rich Avoid Paying Taxes

We’ve all heard tell of billionaires who can’t be bothered to pay taxes. Yet, how are they able to accomplish such a thing? The top earners in America simply hire the best tax lawyers, who understand which tax loopholes are best able to keep money from going toward building roads and maintaining social security benefits....

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tax return

Tips For Filling In Your Tax Return Online

Undoubtedly amongst the countless amounts of advantages to having derived from the global phenomenon that is the internet is the ability to complete certain important documents online without the need to go through a more drawn-out procedure by hand. When your tax return is required to be filled in you can complete it online and...

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Claiming a Home Office on Your Taxes

Claiming a Home Office on Your Taxes

A home office can be one of the best tax deductions for professionals that choose to work at home. Unfortunately, a home office tax deduction is also one of the biggest red flags for an IRS audit. To avoid tipping off the IRS audit monsters, make sure your home office follows the guidelines for a...