Thursday, March 8, 2012

Top 5 Tax Tips of The Week

How some investors pay no capital gains View:  Mobile  |  Web
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Hello Talha,
The top five tax tips of the week are listed below.

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How some investors pay no capital gains
You heard right. There's no, nada, nothing, zilch, zero capital gains tax on the sale of assets held for more than a year. But you might not have heard the full story.

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Tax credits help with higher education
Are you footing the costs of higher education for yourself or your family? Let your Uncle Sam lend a hand with some tax credits.

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Make your hobby pay for itself
Hobbies provide a great way to relax from the daily grind. For many people, they also offer a way to make extra spending money.

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IRS can help you look after the kids
Most working parents are well aware they get a tax break to help cover the costs of sending Jimmy or Janie to day care. But some parents overlook the tax advantage of summer day camp costs.

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Turn your car into a tax deduction
Some people who give away an old auto might find their tax break smaller than they expected. And a few donors might be able to boost their deduction amounts.

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.


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