Standard vs Itemized Deductions

Standard vs Itemized Deductions

Clients often ask me why they can’t deduct their (you name it).  Unless you’re paying a high-interest home mortgage or contributing generously to charity, you probably don’t have enough eligible expenses to deduct on Schedule A.  Your...
6 Ways to Lower Uncle Sam’s Expectations

6 Ways to Lower Uncle Sam’s Expectations

The goal for most tax payers is to keep their taxable income (line 43 of the 1040) as low as possible.  Your taxable income is used to determine where you fall on the 2013 Tax Brackets chart below and the amount of tax you’ll owe for the year.  Luckily, there...