Certain building reconstruction, renovation and restoration can help you receive tax credits, but it does not, however, include enlargement or new constructions. Up to 20% of cost for certified historic structures or 10% for buildings in service before 1936 may be taken as credit.
Disaster areas
The credit is temporally increased for property located in specific disaster [...]

The Enactment of the HIRE Act on March 19, 2010 provided employers hiring the unemployed with much needed tax breaks. Employers are eligible for tax credit under the following conditions:
a. Hired a certified employee who has not worked for a total of 40 hours prior to the 60-day period he/she was to begin work. The [...]

Some scams you hate simply for being scams, but some scams you hate because they keep coming back no matter how much you warn people. These scams, just like the villainous Dracula, suck the life out of people’s already strained finances. Sometimes, when you think you are saving money from paying your proper [...]

Qualifying Meals and Entertainment could be 100% tax deductible if it is part of running your business. Making sure you win that big contract through a little R&R, or having lunch meetings with clients, or even a simple employee meal will help you pay less tax besides providing an added perk to your employees. The [...]

Many small business owners often face the dilemma of whether to hire new employees or independent contractors to get their work done. Your choice on this issue will determine the amount of taxes you pay and help you decide on whether to withhold or not withhold taxes from your workers. In order to give light [...]

Yes Virginia! This could happen! Especially if your employer withheld taxes from your income and you did not reach the limit set for taxable income. That is why it is important that you file your tax returns promptly. If you have not filed a prior year tax return and are due a refund, you should [...]

Tax season is taxing, no pun intended, but it could be avoided. All the hustle and bustle and stress as the deadline for filing your income tax return nears should not land you in the nearest hospital. Keeping good records all year round, right from the moment you made your first transaction of the [...]

Your acquisition, construction, reconstruction and/or renovation of non-residential real property within the New York Liberty Zone and, under limited circumstances, elsewhere within The City of New York maybe eligible for Qualified New York Liberty Bonds, making it a tax-exempt facility bond as part of the Job Creation and Worker Assistance Act of 2002 (P.L. [...]

There are barely four months left for parents and college students to take advantage of the new American Opportunity Tax Credit. The credit is part of the American Recovery and Reinvestment Act of 2009. This credit helps parents and college students to offset the cost of college education and can be claimed by eligible taxpayers [...]