Taking Credit IX- Fund your retirement plans to the maximum 1/31/2012
There are many ways you can reduce your tax liability through putting aside money for your retirement and planning wisely for the transfer of your estate. Investing in tax shelters can pay off handsomely in the long term. Within certain limits, you can deduct the contributions you and your wife make to IRA accounts. If you qualify for a Roth IRA, you can save a tremendous amount in taxes in your later years. By investing in a Roth IRA, you are able to take advantage of the compounding effects of your investment returns on a tax-free basis. In addition, you do not have to pay any taxes...
Read MoreHow to earn 2.2% on your money-OVERNIGHT! 1/17/2012
The United States Postal Service (USPS) has become an investment opportunity! The First-Class postage rate is going up on January 22, 2012. The increase for a letter goes from 44 cents to 45 cents. The opportunity comes in the form of the “Forever” First-class stamps. These stamps are priced @ 44 cents until the 22nd of this month. Then on the 22nd Bam-o! They are now worth 45 cents, guaranteed! That is a 2.2% increase, overnight. (Annualized rate of 792%) For more details of this amazing opportunity click here: Jan 2012 Postal Service rate increase Warmly, JEFF P.S. ...
Read MoreFederal Mileage Rate for 2012 1/3/2012
Happy New Year! All things start a new! Well, maybe not all things, but at least all things calendar based. One item that is surprisingly NOT new is the Federal Mileage Rate. For 2012 the business mileage rate will remain the same, $0.555. This rate was changed to 55½ cents in July 2011 and will remain in effect until further notice. If you need a new Mileage Log for your auto usage, I have them! I would be happy to mail you one (or two). Just drop me a line and I’ll get a book out to you A.S.A.P. For additional information see: IRS Announces 2012 Mileage Rates Warmly,...
Read MorePayroll Tax Cut 12/27/2011
Payroll Tax Cut for the first two months of 2012 The powers in Washington recently passed a payroll tax cut for January & February 2012. This new action is better described as a cntinuation of the tax rates that were in place for 2011. The employee share of Social Security is 4.2% for Jan & Feb. This is a reduction of 2% from the historic rate of 6.2%. For additional details: Payroll Tax Cut for Jan & Feb 2012 Warmly, JEFF P.S. This only affects the amount paid into Social Security by employees & self-employed individuals, it has NO affect on Social Security benefits...
Read MoreIdaho BONUS Credit! 12/13/2011
Don’t miss this easy tax deduction! For residents of Idaho, you must consider this easy to use tax credit. This credit is available to you even if you don’t itemize your deductions. Idaho offers a tax credit for donations made to specific Idaho charities. One of the best ways to take advantage of this credit is to donate goods (for example, used household items) to the Idaho Youth Ranch. See list of donation sites: Idaho Youth Ranch Thrift Store Locations This tax credit is not limited to the Idaho Youth Ranch. Find a complete list on pages 24-25 of this document: Idaho...
Read MoreSecret of Success-Your Strengths! 11/29/2011
Identify and develop your greatest strengths One of the secrets of success is making the most of your strengths. First, though, you have to determine what your strengths are-and they may not be obvious, especially if you’re just starting out or looking to make a career change. Zero in on the skills that make you special by looking for these clues: What tasks attract you? Think of the types of jobs that you look forward to, those that you’d find some way to do even if you weren’t paid. What tasks do you lose yourself in? When you’re involved on certain tasks, do...
Read More
