Trust Fund Income Tax Exemptions  

     Many people think that trust funds are just for the rich and the famous. However, this is not true. A trust fund can be set up by anyone and it definitely offers a lot of tax exemptions for a range of income levels.More...


Disability Tax Exemptions

Disability Tax Exemptions        A healthy person would describe a disability as an inability to perform certain activities because of impairment. However, we have to realize the disability can be either mental or physical, and it is not restricted to just physical.More...


Fire Fighter Tax Exemptions

Fire Fighter Tax Exemptions        If you are a fire fighter in the US, then the same tax laws apply to you in the same manner as other types of workers. It does not matter whether you are a volunteer or a regular fire fighter. You are termed as an employee and you are considered one for federal tax purposes.More...


Income Tax Exemption For Legally Blind Persons

Income Tax Exemption For Legally Blind Persons          A legally blind person is the US is one whose visual acuity is 20/200 or less in the better eye with corrective lens. A person is considered legally blind if his widest diameter of visual field is not greater than 20 degrees.More...



Senior Federal Income Tax Exemption

Senior Federal Income Tax Exemption        According to available research, it has been seen that seniors make errors when preparing their federal tax returns. This could be because they are not aware of the senior federal income tax exemption they are entitled to or at times it simply because of old age.More...

 

Where Can I Get An Extension Form For My Taxes ?

Where Can I Get An Extension Form For My Taxes

At the end of the year, most people get busy with doing their taxes. It is not simple to file for tax returns when you are doing it all by yourself. It takes so much time and energy that you need to start well before the due date for filing taxes is. Some people, however, are not able to file by the deadline given by the IRS. This deadline is April 15 of each year. There could be several contributing personal reasons to it.More...

 

What Can I Deduct On Taxes ?

What Can I Deduct On Taxes

When you go to the IRS website you get a long exhaustive list of deductions. There are several things that most people do not even know which can be claimed as deductions. When the government is allowing you to save on tax, then why should not you take advantage of the same?More...

 

List Of Tax Deductions

List Of Tax Deductions

When you are about to file your returns, you will have several questions about the tax rebates and tax deductions. Also, you may be confused about what can qualify as a deduction and what cannot. Even though most of the procedures may seem straight forward, at the last minute you are bound to have more questions about the procedure.More...

 

Who Is Exempt Of Paying Income Taxes ?

Who Is Exempt Of Paying Income Taxes

The US Internal Revenue Service requires that all citizens and legal residents of the country, who earn a taxable income, have to pay their taxes. Their source of income may be anything, but they still have to pay their taxes. Whether they accept check payments or cash payments, their income is still taxable. However, there are some exemptions that apply to a rare category of people who are exempt from paying taxes.More...


 

 

    
 

Income Tax Exemptions For Merchant MarinersIncome Tax Exemptions For Merchant Mariners

     Over the last 50 years US Merchant Marine ships have declined at an alarming rate. In 1951, there were over 1,200 privately owned US Merchant Marine commercial ships sailing the oceans. However, today there are hardly 101 US owned ships that are engaged in foreign trade.More...

 


 

 

 
   
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