2014 Tax Extenders Bill Has Been Signed
On Friday December 19, 2014 the President signed the Tax Extender Bill. With the Extenders individual taxpayers would still be able to claim on their 2014 returns such items as:
15 Second Tax Tips
Itemize Deductions or Not, Itís the Little Things that Count
Once you have the big itemized deductions of home interest and real estate taxes, medical expenses and high profile contributions the real boost above the standard deductions is the other smaller ones. Until you reach the standard deduction level, you have not gained anything. The smaller deductions give you 100% benefit over the standard deduction limit. Search for them, know what expenses are in your budget, get the records and make them count.
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Personal State Tax Information
All state Filing Due dates have passed. Most states have a late filing fee, interest or both if amounts are do. Some states have filing penalty even if no amount due. Check your states instructions in the Penalty and Interest section for details. For access to state instructions and state website continue to state information.
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