<< Finding Start Up Funds For Small Businesses - Part 2
It's amazing how many items can be tax deductible, yet we're not aware of them. You could be paying way too much tax, simply because you didn't realize you could list certain things.
So here are just a few of the items you should list on your tax return-
You can get tax deductions for:
You may also be eligible for the '2008 Economic Stimulus Plan' which is also known as the Stimulus Payment or Rebate. It is a rebate credit that should have been sent to eligible individuals in May of this year however if you think you may be eligible but haven't heard about this before, contact your local tax preparation service or search on the internet for online providers of advice.
The amount of the rebate you are entitled to is based on your 2007 tax return. The minimum payment is $300 and the maximum is $600 or $1200 for those who filed joint tax returns. There are additional payments of $300 for any children listed on your tax return - who have a Social Security number - and who qualify for Child Tax Credit.
The only tax payers who won't receive a Stimulus Payment are those who have an income below $3000.