7 Ways to Earn Tax Free Income – Legally

How does a 0% tax rate sound.  Opportunities are rare, but here are some ways to earn or receive income, without paying taxes on it. Contribute to a Roth IRA – For most people, this is a no-brainer.  The Roth is a retirement account that allows the money...

YOUR CHANCE TO ‘AUDIT’ THE IRS

You may now have a chance to have your complaints about the IRS heard by a self-styled watchdog group that is trying to independently audit the IRS with the help of taxpayers. The Tax Revolution Institute— a Washington, D.C.-based nonprofit that says it wants to...

CLAIMING SUMMER CAMP EXPENSES ON YOUR TAXES

Can you claim summer camp expenses for the dependent care credit?  In many cases, the answer is yes. If your child meets certain requirements, there is nothing in the tax code that says you have to find the least expensive day care in order to claim the dependent care...

Summer Weddings and Newlywed Tax Tips

NEWLYWED CHECK LIST If one of you has taken on a new name, notify the Social Security Administration right away.  You can do that by filing Form SS-5, Application for a Social Security Card (website is www.ssa.gov)..  When you file your taxes, if the name on the tax...