Like Most Americans, you probably feel you pay too much income tax, especially federal income tax. While the state you live in may tax you for the property you own, and will always collect sales tax on almost everything you...
Topics: 2009, 2010‏, Federal, How, Income, Reduce, Tax, to

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This is a question every taxpayer wants to understand. You want to minimize your taxes and be sure you are doing this in the right way. For starters, deductions offset income. They do not directly offset the tax. Tax credits,...
Topics: 2009, 2010, Deductions, do, for, How, Tax, Work

{"title":"How do Tax Deductions Work for 2009, 2010","post_url":"http:\/\/harborfi.typepad.com\/tax\/2009\/07\/how-to-calculate-federal-income-tax-for-2009-2010.html","feed_url":"http:\/\/harborfi.typepad.com\/tax\/atom.xml","author":null,"date":"2009-07-01 11:45:52","summary":"This is a question every taxpayer wants to understand. You want to minimize your taxes and be sure you are doing this in the right way. For starters, deductions offset income. They do not directly offset the tax. Tax credits,..."}

The Hope Credit is also referred to as the American opportunity tax credit. You’re probably wondering how much money you can make and still claim the credit. As always it depends on your filing status and your income level. The...

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To determine if you will or will not have to file a return on your inheritance you will first need to form a list of all assets received and put a fair market value on each item. If the fair...
Topics: Federal, Income, Inheritance, IRS, Laws, Rates, Return, Tax

{"title":"Federal IRS Inheritance Income Tax Return Laws & Rates 2009, 2010","post_url":"http:\/\/harborfi.typepad.com\/tax\/2009\/06\/federal-irs-inheritance-income-tax-return-laws-rates-2009-2010.html","feed_url":"http:\/\/harborfi.typepad.com\/tax\/atom.xml","author":null,"date":"2009-06-11 09:16:22","summary":"To determine if you will or will not have to file a return on your inheritance you will first need to form a list of all assets received and put a fair market value on each item. If the fair..."}

The self-employment tax is added on top of the income tax you must pay as a self-employed individual or married couple. This creates a very heavy burden that you probably would prefer to avoid. In essence, the self-employment tax is...
Topics: Calculate, Employment, Self, Tax

{"title":"Self Employed Calculator, Calculate Self Employment Tax 2009, 2010","post_url":"http:\/\/harborfi.typepad.com\/tax\/2009\/06\/self-employed-calculator-calculate-self-employment-tax-2009-2010.html","feed_url":"http:\/\/harborfi.typepad.com\/tax\/atom.xml","author":null,"date":"2009-06-11 09:11:31","summary":"The self-employment tax is added on top of the income tax you must pay as a self-employed individual or married couple. This creates a very heavy burden that you probably would prefer to avoid. In essence, the self-employment tax is..."}