Finance Tax Time

If you are running your own business or are planning to, you should know all you can about the self-employment tax deduction, which can save you a lot of money if you do. A lot of these advantages in the tax reduction are available only if you are self-employed and not if you are employed by anyo…

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One of the new tax strategies available in 2006 is the Roth 401k. A taxpayer may place up to $15,000 ($20,000 if age 50 or older) in a Roth 401k instead of a regular 401k plan in 2006. The 401k plan needs to have the provision that allows contributions to go into a Roth 401k. Just because the tax…

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Taxes of any type and form always burden you. Your income, off and on, is half eaten by the taxes you pay. These taxes can be federal taxes, state taxes, local income taxes, payroll taxes, which include Social Security and Medicare, sales tax, excise taxes and property taxes. However, if you are …

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