Links

Individual Links

Display # 
# Title Hits
1 Web Link Foreign Exchange Rates
Planning a trip abroad? This website has up-to-the-minute exchange rates for all major currencies.
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2 Web Link Unclaimed Property Owners List
Is the State of Connecticut holding property that belongs to you? Find out by checking this website.
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3 Web Link Social Security Administration
The Social Security Administration's website is a great place to request earnings reports or to ask questions about Social Security.
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4 Web Link Your Federal Tax Receipt
Enter your annual Social Security Tax, Medicare Tax, and Income Tax and see where your tax dollars go.
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Tax Tips Small Business

Automobile Expenses

Which is better - deducting the standard mileage rate or actual expenses?

With the increasing cost of gas, it might be a good idea to revisit which tax deduction is the most beneficial - claiming 50 cents per business mile (55.5 cents starting July 1, 2011) or your actual vehicle expenses. Claiming the standard mileage rate is easier. All you have to do is keep track of your business miles and multiply them by the current rate. In addition to the standard mileage rate, you may also deduct the costs for parking and tolls. Plus, if you are self-employed, you can deduct the interest paid on your car loan.

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Small Business Quick Tip

The optional standard mileage rate for the business use of an automobile is 55.5 cents per mile in 2012.
Saturday, 19th May 2012
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Tax Tips Personal

Cleaning Out Your Closets?

Items you donate may not qualify for a deduction

It used to be that you could take all your unused clothing and household items to the local Goodwill, Salvation Army, or thrift store and reap a nice charitable contribution deduction.
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Personal Quick Tip

Contributions to your IRA must be made by the due date of your tax return. Generally this is April 15. Extending the due date of your tax return does not extend the due date of your IRA contribution.