Welcome to Tax Saving Guide
Tax Deferred Annuities Vs Savings Accounts Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Reduce Your Taxes This Year
from:We’re all looking for ways to save money. And, one of the best places to look for savings is in your taxes. There are lots of ways to reduce your taxes; so make sure that you’re taking advantage of each and every one that’s available.
Reduce your taxes by making your home energy efficient. When it’s time to make home improvements, be certain that you’re making energy efficient ones. Not only will buying, let’s say, an energy efficient hot water heater save you money on your utility bill each month, but if you purchase a hot water heater that is Energy Star rated, you’ll reduce your taxes in the year you purchase it, as well. Energy Star is a government program for rating the energy efficiency rating on products. So, be certain when you purchase large appliances, or other things like replacement windows, that they come with the energy star rating. Save your receipts and use them when you file your taxes to figure the deduction. The deduction is typically 10% of the cost of the appliance; for replacement windows the maximum deduction is $200.
Make your home solar - You to claim a credit for 30% of the cost of installing solar water-heating, photovoltaic, or fuel-cell equipment in your home, up to $2,000 total. No credit is allowed for equipment used to heat a swimming pool or hot tub. Again, this is a great way to reduce your energy expenses month after month and reduce your taxes.
Buy a hybrid car – You can reduce your taxes by purchasing an energy efficient car, like a hybrid. There are tax credits available for a variety of fuel efficient automobiles. Check out the credits before you buy – in some cases you can qualify for over $3000 in tax credit. In addition, you’ll save money on fuel each and every month that you own the car, and you’re doing the environment a favor, too.
Take a look at your stock portfolio – If you have some stocks that have tanked since you purchased them, now’s the time to sell them. When you sell stocks at a loss, you can deduct the loss from your taxes. And, when your stocks are doing well, you’ll reduce your taxes when you sell them by holding on to them long term. Long term capital gains taxes on stocks are around 15%, while short term capital gains taxes can be up to 30%. So, if you’re thinking of selling a good stock, be certain to check on how long you’ve held it.
Tax Deferred Annuities Vs Savings Accounts Specific Links
Watch Free Videos At Mevio!
- Tons of Free Videos, Only At Mevio.com
-- http://www.mevio.com/
Free Tech and Gadget Reviews!
- Watch GeekBrief With Cali Lewis on Mevio!
-- http://www.geekbrief.mevio.com/
Watch Funny Videos!
- Click here to see funny videos, pictures, jokes, commercials, and more funny stuff from Comedy.com.
-- http://www.comedy.com/
New Rap Music
- Search Emerging Artists & Help Vote Them Into Stardom. Join Today
-- http://www.ourstage.com/
A Mood Booster to Combat The Credit Crunch
- Forget about the credit crunch for a little while and be just mildly entertained for a few minutes...
-- http://www.kontraband.com/
Tax Deferred Annuities Vs Savings Accounts News
Register for FREE - Wall Street Journal
The email address you have entered is already in use. Please re-enter the email address. Genworth Financial shares shed as much as 50% Tuesday following a credit rating cut from Moody’s Investor Service on Monday that made the company ineligible to ...
Read more...Genworth Financial Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.com
Good afternoon ladies and gentlemen. Welcome to Genworth Financial's Third Quarter Earnings Conference Call. My mane is Mikayla, and I will be the coordinator today. At this time all participants are in a listen-only mode. We will facilitate a ...
Read more...