Posts Tagged Deductions

Is it better to have your health insurance deductions taken out on a pre-tax or post-tax basis?

I am in a low tax bracket (15% I think) and my company offers the choice of having your health insurance payments taken out on a pre- or post-tax basis. I’ve heard that you pay less money in taxes if you get it taken out on a pre-tax basis, but if you get it taken out on a post-tax basis you get tax-cuts at the end of the year. Is there any truth behind this? Please help. I’m confused.

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Difference Between Tax Credits and Deductions


Learn Pilates (but save $$$): mhlo.co www.mahalo.com Need help filing your federal income returns? Jon Butler, your personal tax consultant, guides you through the steps of filling out the right forms and getting the most out of your refunds. In this video Jon explains the difference between tax credits and deductions. Mahalo Taxes Playlist: www.youtube.com Checkout the related Mahalo Pages: How to Avoid a Tax Audit: www.mahalo.com How to Check Your Tax Refund Status: www.mahalo.com How to File For a Tax Extension: www.mahalo.com How to File Taxes If You Haven’t Filed in Years: www.mahalo.com How to File Taxes as a Gay Married Couple: www.mahalo.com How to Determine Your Tax Filing Status: www.mahalo.com How to Choose the Right Tax Forms: www.mahalo.com 1040ez Tax Form: www.mahalo.com How to Organize Tax Documents: www.mahalo.com How to Set Up a Tax Payment Plan: www.mahalo.com Check out more Mahalo playlists: 2011 Grammy Guitar Lessons: www.youtube.com How to Cook: www.youtube.com How to Bake: www.youtube.com Mahalo Daily Videos: www.youtube.com How to Play the Xylophone: www.youtube.com Green Living: www.youtube.com How to Speak Russian: www.youtube.com Mahalo Travel: www.youtube.com Learn Biology: www.youtube.com How to Play Guitar Songs: www.youtube.com

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Can tax deductions help you qualify for earned income credit?

I usually get earned income credit, but this year I am a couple thousand dollars above the limit. I have lots of deductions and was wondering if this would help. Also want to know if turbo tax is as easy as they make it out to be?

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Tax Forms & Deductions : How Do Minors File Income Taxes?


Minors file taxes like everyone else, but whether or not they have to file taxes is a question that is answered by a matrix put out by the IRS. Find out why a minor may have to file taxes, even if they are a dependent on another person’s return, withhelp from a tax bookkeeper in this free video on filing taxes. Expert: Ken Lewellyn Contact: www.tnbizserv.com Bio: Ken Lewellyn is co-founder of Tennessee Business Service, Inc. Filmmaker: Dimitri LaBarge

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