Archives for December 2010

Can I Deduct Gambling Losses and How Do I report it?

Do you gamble a lot? Have you been incurring losses? Find out if you can deduct your gambling losses and how to report it on your tax return.

Four Months Blogging and The Yakezie Challenge Homestretch

Whew, I can’t believe that I’ve been blogging for four months already. I published my first article on August 16, 2010 and have posted around 70 articles including this one. I can say that it’s been fun but pretty hectic and very discouraging at times especially when I rarely have visitors let alone readers in […]

7 Things I Usually Do Before I Travel Abroad

My wife’s family is in the Philippines and it’s been years since she celebrated Christmas and New Year’s with them. The last time that we traveled to the Philippines was two years ago and this was because her father passed away. We were able to spend only 10 days there due to her school and […]

Items You Can Deduct on Schedule A

Tax deductions are items that help you reduce your taxable income before your tax liability is calculated. There are two types of deductions namely: Above the line deductions – which we already discussed on our previous post. Below the line – (personal exemptions, standard deductions or  itemized deductions) On this post we will be discussing […]

Top Benefits of A Costco Membership

Most frugal people can say that shopping at membership warehouse stores such as Costco membership, Sam’s Club and BJ is one way to save on expenses. A lot of these stores offer a variety of item from produce, dairy, electronics, household, personal, clothing, etc. So for some shoppers, this can pretty much be a one-stop […]