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.
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 [...]
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 [...]
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 [...]
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 [...]