Your mid-year checkup: Get savvy about lowering your taxes
Author: Dorothy Griggs, EA
Are you still owing the IRS in taxes every year? Not a great situation to be in, is it? But there is still hope for this year. You have almost six months, in some cases a little longer, to make certain you owe less tax, and possibly no tax, next year.
Here's a blueprint that outlines the keys to lowering your taxes and remaining audit proof. Follow these keys and you're guaranteed to lower your taxes by hundreds, if not thousands, of dollars!
Key #1: Consider a Home Office Deduction
Many taxpayers have avoided the home office deduction because it has been regarded as a red flag for an audit. If you legitimately qualify for the deduction, however, there should be no...
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