Ask questions via Twitter. Tweet any question to @AskFiLife and we will respond with an answer. More.

FiLife - In partnership with The Wall Street Journal

Your Financial LifelineTM

In partnership with The Wall Street Journal
 
 

Tax Deductions Guides

How to Determine Donation Deductions

The Short Story:

Tom Herman recommends using tax-preparation software to figure out how to value donations of used clothing. Used clothing has to be in fairly good condition, and the fair market price is typically "far less" than the original price.

Tax Breaks for Higher Education - Education Expenses Can Lower Your Taxes

Sunday May 10, 2009

It's finally time to start paying all those college-related expenses you've been saving for all these years. Be sure to take maximum advantage of the various tax breaks available to you for education expenses - they're free money too!


Free File: The Best Free Sites for Filing Your Taxes

Friday Feb 6, 2009

(Originally posted 2/28/2008). A few weeks ago we promised to review all of the free federal tax software that the Internal Revenue Service and 19 tax companies provide taxpayers who make $54,000 or less a year ($56,000 in 2008). True to our word, three FiLifers who qualified for the Free File service gathered together their tax ...


What Happens If You Realize That Your Taxes Were Incorrectly Filed?

Thursday Apr 16, 2009

So, what if you just filed this year’s taxes and realize that you’ve made a mistake? And just to be safe you decide to go through past years’ taxes and realize you’ve made mistakes on some of them as well.


Taxes and Divorce

Tuesday Apr 7, 2009

Tax expert S. Kay Bell offers advice on how to handle your tax life when dealing with a divorce. These tips come straight from her new book The Truth About Paying Fewer Taxes. Bell also runs her own blog Don't Mess with Taxes.


Should You Use a Tax-Prep Service?

The level of tax-prep assistance you need will depend on the sophistication of your finances and investment returns.


Grilling Guide: Questions to Ask Tax-Prep Service Providers

Questions to ask tax prep service providers.


Choosing a Tax-Prep Service

Which tax-prep service you choose will depend on whether you want a person helping you one-on-one or easy-to-use software.


Eight little-known tax deductions that can lower your bill

Monday Apr 7, 2008

Don't miss out on possible tax deductions. This MarketWatch article points out eight tax deductions that we often forget.


How to Determine Donation Deductions

Sunday Jan 4, 2009

Tom Herman recommends using tax-preparation software to figure out how to value donations of used clothing. Used clothing has to be in fairly good condition, and the fair market price is typically "far less" than the original price.


Deducting Sales Tax

Friday Dec 21, 2007

Confused about whether to take the standard deduction or itemize your deductions? WSJ columnist Tom Herman explains your options, and why this is important for citizens of states with no state income tax.


Page: 1 | 2 | Next »

Login or Join

or login with

Expert Partners

Ask a Question

140 characters