by Ask Ms. Tax | Feb 18, 2016 | Tax Tips
Investing in the market can be a smart way to grow your hard-earned money. But it can also be expensive. However, you may be eligible to deduct the investment fees you paid. This could add up to some pretty deductions and tax savings. Remember, every deduction counts....
by Ask Ms. Tax | Feb 12, 2016 | Tax Tips
So you bought a new house and wasn’t able to make that hefty down payment and now the bank would like you to pay mortgage insurance (MIP). While those premiums are often small in relation to your overall payment, those amounts do add up. But lucky for you, your super...
by Ask Ms. Tax | Feb 11, 2016 | Tax Tips
The biggest purchase many Americans make is their home. And for many, this purchase will involve obtaining a mortgage. Mortgage interest–and the related points paid at closing–can be deducted on your tax return for interest paid on mortgages less than $1...
by Ask Ms. Tax | Feb 10, 2016 | Tax Tips
Did you know that state income taxes are deductible? It’s true! If you paid tax to any state or had state tax withholding, you are able to take a deduction for those amounts on your tax return. Didn’t pay state income tax? No worries. You may be able to deduct sales...
by Ask Ms. Tax | Feb 9, 2016 | Tax Tips
Did you purchase a car, motorcycle or a boat this year? Guess what? The taxes you paid on those purchases can be deducted on your tax return. Take advantage of this deduction and let your tax professional know about your cool new toy! Don’t have a tax professional?...
by Ask Ms. Tax | Feb 8, 2016 | Tax Tips
If you own your home, chances are you’re paying real estate tax on that property. Up to 100 percent of those taxes can be deducted on your tax return. This would be especially beneficial for those who own their home outright and aren’t paying a mortgage. Talk to your...
