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The small business deduction is one of the most advantageous income tax benefits for company owners in Canada. The deduction lowers the amount of the Part 1 tax otherwise required of business owners. As of the first of January, adjusted tax rates allow a small corporation to qualify at the tax rate of 4.5% in the province of Ontario. Others will still need to pay the standard tax rate of 11.5%. O
You may assume that filing taxes has to be confusing, but that isn’t the case. With the use of Turbo Tax 2014, you can make the filing process less stressful.If you have a mortgage, you may be considering utilizing the mortgage tax deduction when handling your taxes.Many people attempt to lower their taxable income with the use of deductions and credits. In order to do this, you may want to
Consider your Mortgage Tax Deduction in a New WayYou may have better options when it comes to your mortgage tax deduction, and Turbo Tax 2014 can help you get the best advantage possible.Turbo Tax 2014 guides you through the process of decreasing your taxable income, and you may come to a new decision about claiming your mortgage interest. Homeowners have differing ideas about carrying a balance
Let Turbo Tax 2014 guide you at tax time.Many people debate the merits of having a mortgage tax deduction when they file their taxes.It makes sense to work at lowering your taxable income and getting all of the credits and deductions that you are entitled to, and claiming mortgage interest may be at the top of the list for you. Some homeowners think so much of this deduction that they forgo payin
A new Way for Taxpayers to Track Charitable DonationsOrganize, Value, and Track Your Donations with TaxACTTaxACT is a proven leader regarding affordable tax solutions, and their donation tracking gives consumers another way to maximize their savings at tax time. This free app is available for IOS and Android, and taxpayers can track their cash and non-cash donations throughout the year.Current In
According to experts from the nonprofit sector, charitable tax deduction laws will likely remain unscathed from Congress in the near future. However lawmakers are still dealing with several charitable tax break issues that expired in 2013 and there is uncertainty on whether such tax breaks for charities will continue to exist.President Barack Obama has consistently tried to limit the amount of ta

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