If you're self-employed or a business owner and you haven’t heard of the Section 179 deduction, it’s time to get familiar with it, because the Small Business Jobs and Credits Act of 2010 has increased the thresholds on this valuable tax deduction … [Read more...]
Self-Employed? Need to Deduct Big Ticket Items? Get Crackin’ with the Section 179 Deduction
December 13, 2010 By
Side Income: Is It a Hobby or a Business?
December 1, 2010 By
Shannon works in sales where she makes decent money and lives in a nice house with her family. Shannon doesn’t dislike her job, but it’s not her passion. So every Friday, at the end of a draining 40-hour work week, Shannon hurries home to spend … [Read more...]
Gains & Losses: What Will Be Taxed and What Can I Claim?
October 12, 2010 By
As we get older, we generally acquire more and more assets. The assets usually start out small and become increasingly more valuable. Typically, as we become more independent and financially stable, we’ll buy our first car, start investing our … [Read more...]
Unemployed? At Least Your Job Search is Tax-Deductible
September 27, 2010 By
Last week, the National Bureau of Economic Research announced that the recession ended in June 2009. According to the announcement, the economic downturn reached a plateau that month and hasn’t decreased since then. In other words, we are now on … [Read more...]
Wedding Taxes: Four Must-Know Tax Facts For Planning Your Big Day
September 21, 2010 By
With a booming wedding industry, I sometimes wonder how it’s even possible that our country is in a recession at all. Now that the average cost of a wedding hovers around $29,000, you’d think that the spending induced by weddings could … [Read more...]
Itemized Deductions: A Beginner’s Guide
February 11, 2010 By
Have you ever wondered if you can itemize deductions on your tax return? Actually, have you ever wondered what, exactly, itemizing means? If so, you’ve come to the right place. I’m going to teach you the basics of itemizing: What itemizing is, … [Read more...]
Six Tax Breaks To Look For This Season
December 22, 2009 By
For most of us, tax season is anything but a good time. That said, you may just find some fun in unearthing some hidden tax breaks that you’ve been missing out on! And it's a good year for it: the American Recovery & Reinvestment Act (ARRA) of 2009 … [Read more...]
I'm David Weliver. At 26, I had NO savings and NO financial plan. I was maxed out, stressed out, and fed up. Then, I changed. I repaid $80k of debt, tripled my income, and bought a home. I'll show you how to get similar results. 