Top 5 Tax Tips of The Week

Some taxes can lower your IRS bill

View:  Mobile  |  Web

- advertisement -     Hello Talha, The top five tax tips of the week are listed below. Some taxes can lower your IRS bill If you can't beat 'em, join 'em. That philosophy works well in tax season, when you can use some tax payments to lower your IRS bill. Take advantage of the sales tax deduction Most states and cities get a good portion of their operating revenue from sales taxes tagged onto just about everything you buy. Paying back the first-time home buyer credit The first-time homebuyer tax credit has made it possible for many people to own a house. Alimony payments affect taxes When the end of matrimony leads to the start of alimony, each parting partner can feel the tax effects. Capital losses can cut taxes Plummeting stock prices can cast a dark cloud over anyone's finances. However, at tax time, these capital losses can produce a ray of write-off sunshine. Bankrate's 2012 Tax Guide Latest tax news, basics and calculators. 2011 tax bracket rates For the 2011 tax year, tax returns will be due April 17, 2012. Check taxes in your state A summary of the income, personal and sales taxes by state.     - advertisement -   National Rates Rates may include points. Product Rate +/- 1 yr CD 0.63% Savings / MMA 0.46% 30 yr fixed mtg 3.90% 30 yr fixed mtg refi 3.98% Rate Alerts - advertisement - - advertisement - © 2012 Bankrate, Inc. All Rights Reserved   Modify Your Profile | Privacy Policy | Add Us to Your Address Book | Unsubscribe You received this newsletter at talha.saeed@gmail.com because you subscribed and chose to receive email correspondence from Bankrate.com. Bankrate.com sends only verified opt-in email, specifically requested by our subscribers. If you no longer wish to receive the Weekly Tax Tip Newsletter, please click here to manage your subscriptions. Bankrate, Inc. 11760 US Highway One Suite 200 North Palm Beach, FL 33408