March Madness is probably the next big thing after the Super Bowl event. Advertisers are probably paying an arm and a leg just to get spots in this 3-week event. The games are available in multiple TV stations now such as the CBS, TNT, TBS, and TRU. This tells you how a lot of these stations are lining up to get a piece of this big revenue stream. Super Bowl and March Madness … [Read more...] about March Madness: How the NCAA Helps You Get Away With Watching Games At Work
Tax Deductions
Individual Retirement Accounts (IRA): A Quick Overview
Nowadays, majority of the companies offer a retirement plan and the most common type is the 401(k). However, if your employer does not offer one, you can still save for retirement and enjoy the tax-deferment features by opening an Individual Retirement Arrangement or IRA. In the past, not many employer offer a retirement plan at work so the IRA has been a viable option by … [Read more...] about Individual Retirement Accounts (IRA): A Quick Overview
Tax Issues For The Unemployed Individuals
During the economic downturn for the past couple years, millions of Americans have lost their job. However, as part of the American Reinvestment Recovery Act, the government made sure that even the unemployed are also taken care of by offering numerous benefits such as extending the unemployment benefits, exclusion of up to $2,400 of income, and subsidizing the COBRA health … [Read more...] about Tax Issues For The Unemployed Individuals
Miscellaneous Items You Can Deduct On Schedule A
There are really two kinds of miscellaneous deductions that can be deducted on your itemized schedule: items that are subject to the 2% of AGI limitation, which will be discussed on this article and the ones that are not such as gambling losses, casualty or theft losses, etc. Miscellaneous Section Subject to the 2% of AGI limitations means that you can only deduct the amount … [Read more...] about Miscellaneous Items You Can Deduct On Schedule A
Schedule A: Interest Expense You Can Deduct
Interest expense is the amount of money you pay for the use of borrowed funds. Certain types of interest expense may be deductible depending on where you use those borrowed money. Most consumers have various debts such as home mortgage debt, auto loans, credit card balances, student loans, business loans, and investment loans. Most of these interest expense are reported on your … [Read more...] about Schedule A: Interest Expense You Can Deduct