From the category archives:

taxes

A way to claim $500,000 tax break if spouse dies and you sell your house.

by Andre on January 3, 2012

This isn’t the most fun topic to start out the New Year to talk about, but if it can save you $250,000 it’s worth it.   Under the current tax code if a single person sells their home they can only exclude $250,000 in profits from the sale of their home but what if your [...]

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10 terrible tax breaks

by Andre on June 8, 2011

Lawmakers from both parties claim to support vast simplification. So why hasn’t it happened already? Politics, pure and simple. For every ridiculous tax break gumming up the code, there is a motivated industry or voting bloc that will fight to the death to preserve it and plenty of people in Congress eager to help. But [...]

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Friday’s Thoughts April 15th Tax Day

by Andre on April 15, 2011

All I have to say is what a way to start the weekend paying my taxes. I know Monday is the official deadline but come on. If I mail my check Monday that is worse than mailing it today, because I will be thinking about it all weekend. So the best thing to do is [...]

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Last minute tax tips

April 6, 2011 Money

If you haven’t filed your taxes by now you probity owe Uncle Sam some money. Here are 30 tax tips that will help you save a buck or two. Tweet This Post

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Friday’s Thoughts Feb 18th tax refunds

February 18, 2011 Friday's Thoughts

Last night around 6pm a relative called me to ask where was her income tax refund. Since I did her taxes for her she thought I would know the status of her refund every step of the way wrong. Here is what I told her check the websites I have listed below and put in [...]

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How the tax code changes could mean a bigger refund for you!!

February 16, 2011 Money

Taxpayers who claim itemized deductions can now begin filing their tax returns. The Internal Revenue Service delayed the filing to allow taxpayers and accounts to deal with a number of new changes that were just approved. People should see a little bit lower taxes based on their incomes. So more income is going to be [...]

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You have 3 more days to pay Uncle Sam for your 2010 taxes.

January 27, 2011 taxes

Tax filing season has officially begun, and this year taxpayers will gain an additional three days to file their returns. Other changes have also been enacted. Due to Emancipation Day, which will be celebrated on April 15 in Washington D.C. this year, the 2010 tax return deadline has been moved to April 18, 2011. A [...]

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Even though property values drop 23% in Md. Over the last 3 years your property taxes won’t go down $0.01

December 30, 2010 Anne Arundel County Maryland

If you read between the lines what the county will do is raise the tax rate. Since the values have gone down. They can’t mess with the value. Another trick is to take away the homestead tax credit. Some counties have already done that. I talked to a lady at the office of finance in [...]

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Smoke and mirrors on how to lower your taxes?

December 29, 2010 Money

Recently I have seen a lot of articles about how to lower your taxes for 2010. Here is what most people say is a good way to lower your taxes. Make you January mortgage payment by Dec 31st. that way you get an extra month worth of interest to deduct from your taxable income. That [...]

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Do you really think Annapolis has the lowest taxes in the state?

December 21, 2010 Anne Arundel County Maryland

I found an article that said Annapolis has the lowest property taxes in the state. This is just a way to play with numbers. Annapolis is one of the most expensive areas in the state. That would be like saying all people that make $250,000 a year gets too pay the same tax rate as [...]

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