Banking Jobs, Finance, Insurance, Accounting And Financial Services Jobs

     

Forgot Your Password?    Remember Me

  Try It Now!

EMPLOYERS, POST JOBS FOR FREE

Search Thousands of Jobs in Our Database
What Where
Keyword Search:
Browse Jobs by Location / Zip:
Organization Name:
Select Country:
Select Your Crossing/Job Type:  

Firm Types:
Search in Job Title

Search in Job Description
Job Source:
+ Browse Jobs       + Advanced Search       + Search Tips
FinancialServices Career Feature

5 Easy Ways to Save on Taxes
By Elizabeth Brokamp
It's hard to get ahead with Uncle Sam stretching out his hand every time you earn a few extra bucks. While paying what you owe is the patriotic way, it's always nice to owe less rather than more. Here are some of the best (and strictly legal) ways to reduce your taxable income but still satisfy Uncle Sam when he comes knocking.

Act Now! Activate a FREE three days trial to FinancialServicesCrossing.com, because you know how important it is to know about all the jobs.
Activate My Risk Free Trial
5 Easy Ways to Save on Taxes
5 Easy Ways to Save on Taxes
+ Enlarge
1. Take advantage of perks at work. If your employer offers a dependent-care spending account or a health care spending account, the dollars you sock away in the programs are deducted from your pre-tax pay.

Often, enrollment times are limited, so check with your human resources department to determine when you're eligible. Acquaint yourself with what qualifies as a reimbursable expense. For example, you may be surprised to learn that expenses for over-the-counter medicine may qualify under health-care flex spending or that, under the Child and Dependent Care credit, expenses for an after-school program may qualify for your kindergartener even though school does not.

2. Be cool; stay in school. Or at least pay for qualified expenses for your post-secondary education (or your spouse's or a dependent's), and you may qualify for the higher-education tuition and fees deduction—a legitimate perk worth up to $4,000 off of your taxable income.

Likewise, the interest on your student loan may be deductible. Or you may qualify for a benefit under the Lifetime Learning credit or the Hope credit.

But make sure you're not double-dipping, i.e., taking more higher education deductions than are allowed. For example, you may not take both the Hope and the Lifetime Learning credits for the same student in the same year. Check the IRS's Publication 970 for details.

3. Fund your retirement. Are there people out there still not funding their 401(k)? Amazingly, yes. But not funding your 401(k) is like throwing away free money, especially if you have an employer match. Your contribution is withdrawn from your paycheck pre-tax, which means that the dollars you save are worth a whole lot more than the ones you intend to spend.

4. Sell your lousy stocks. Getting rid of that clunker of a stock can do more than make you sigh for relief—it can offset any capital-gains taxes you owe on selling your winning stocks. You can use up to $3,000 of loss on your tax return to reduce ordinary income after all your gains are offset by your losses. You can then carry over any remaining loss to future tax years. Read the IRS's Topic 409 for more information about capital gains and losses.

5. Get entrepreneurial. Started up a jam-making business out of your home this year? Good for you—and your taxes! You may be able to deduct business expenses related to the use of your home, including part of your mortgage interest, insurance, utilities, repairs, business furniture, and depreciation. Check with the IRS to be sure you (and your jam) are in compliance.

Want more tax-saving ideas? Try:

10 Top Tax-Planning Tips
Deduct Your Worthless Stock
Speaking Mathanese: Capital Gains

This article is adapted from the Motley Fool Green Light "Money Answers" archive, which features more than 100 articles on personal-finance topics such as taxes, credit, and beginning investing, organized by subject and life stage. For access to this content—plus the current newsletter, back issues, members-only discussion boards, and advisor blogs—take a free 30-day trial today!

Fool contributor Elizabeth Brokamp is a licensed professional counselor who regularly talks money with her honey, Robert Brokamp, editor of The Motley Fool's Rule Your Retirement newsletter. The Fool has a disclosure policy.

This feature may not be reproduced or distributed electronically, in print or otherwise without the written permission of uclick and Universal Press Syndicate.


Popular Tags
 employers  Uncle Sam  expenses  capital gains taxes  patients  children  IRS

  • Share this story:
  • BlinkList
  • blogmarks
  • del.icio.us
  • Digg
  • Facebook
  • Google
  • Sphinn
  • MySpace
  • NewsVine
  • Simpy
  • StumbleUpon
  • Technorati
  • E-mail this story to a friend!
  • Print this article!
  • Faves
  • Furl
  • Netvouz
  • Slashdot
  • Spurl
  • Yahoo! Buzz

Facts

FinancialServicesCrossing Fact #88: Because very few people know about many of the jobs on FinancialServicesCrossing, users who sign up will be one step closer to finding their dream jobs.

Comments

Article ID: 260080    www.financialservicescrossing.com

Article Title: 5 Easy Ways to Save on Taxes

Comment not found for this article.

Comment Comment
Rate This Article

Printable Version    Printable Version PDF Version    PDF Version Email to a Friend    Email to a Friend
Comment    Comment View Comment    View Comment

WHAT MAMBERS ARE SAYING
Todd , Nashville, TN
I feel that everything on EmploymentCrossing is so attractive to the users. Advance search, speed search, online applications, newsletter, archives, career corner, audio room, and other features are just fantastic!

Matthew , Cary, NC
The best thing about EmploymentCrossing was the job alert feature. The newsletters are also very good.

Debra , Alameda, CA
EmploymentCrossing is the most informative and relevant job site. Studded with newsletters, market updates, archives, and other press notes, EmploymentCrossing is truly the best job site in the world.

Julie , Miami, FL
EmploymentCrossing is the most convenient and user friendly job site that I have come across. It provides users with a truly user-friendly approach in their job search.

Bethany , Salem, OR
The amount of jobs on EmploymentCrossing is amazing. The site has the highest number of jobs in the world.


To compare FinancialServicesCrossing with other job sites Click here


Our Private Financial Services Job-Opening Research Will Show You Jobs Your Peers Do Not Know About

Your career is too important not to research every Financial Services job opening you can find. We offer you:



Tell us where to send your access instructions:

Your Email


Total Jobs
118,643
New Financial Services Jobs This Week
33,730
FINANCIAL SERVICES JOBS NEAR YOU

+ International Jobs + Work At Home Jobs
+ UK Jobs + Canada Jobs

New search feature using US map. + click here
Looking for a new Financial Services job in your city? + click here
TOP 5 JOB SEARCHES

TODAY'S FEATURED FINANCIAL SERVICES JOB

Financial Economist
United States-KS-Kansas City
Join the Department of Housing & Urban Development (HUD)
team if you are looking for a challenging career and want
to help individuals achieve the ...

Employer: USDOJ Federal Bureau of Prisons

  Click to Apply  

FREE NEWSLETTER
+
A CHANCE TO WIN A NEW BMW
BMW
"The Job Researcher" is a weekly newsletter that's absolutely jam packed with jobs, career advice, stories, webinars and more. PLUS, a chance to win a new 2010 BMW 328i sedan in Career Mission's annual car giveaway.
SIGN UP NOW
*Email:  
Only FinancialServicesCrossing researches and consolidates every Financial Services job opening it can find and puts all of the job openings it locates in one place.

  • We research and collect Financial Services job openings from tens of thousands of employer, association, newspaper classified, government, public interest, job board and other websites and post them on our site.
  • FinancialServicesCrossing has vastly more Financial Services job openings than any other job board because we actually go out and research jobs instead of just posting jobs employers pay us to post.
Search All Articles
   GO 
  CAREER CONNECT  (From Our Career Blogs)
You make decisions with confidence.
Submit GET FREE
JOB ALERTS
BE THE FIRST TO KNOW
Learn about jobs before everyone else does. Studies prove the first people to apply to jobs are the most likely to get them. Sign up for job alerts today BMWand be entered to win a new BMW!
What is FinancialServicesCrossing?
Who Else Is Ready to Never Have to Worry About Recessions and the Financial Services Job Market Again?
Why Job Boards Are Evil!
Blow Away Your Competition with FinancialServicesCrossing
Get More Employers to Respond to Your Applications and Hire You
Why You Are Not Aware of 95% of the Financial Services Jobs Out There
Why FinancialServicesCrossing's Marketing Problem is Good For You
Why It is Important to See Every Job Site There is
Private Versus Public Job Boards
Why You Need to Manage Your Job Search in One Place
Who Else Wants Their Phone Ringing Off the Hook With Quality Job Interviews?
Do Not Use Another Job Board Until You Read This
UNCENSORED REVIEWS!

Andrew , Columbus, GA

The best part about EmploymentCrossing is the simplicity of the site. It is a very user friendly website.

Danielle , Hartford

FinancialServicesCrossing has a huge quantity of jobs. Amazing website!

Allison , Chicago, IL

The best thing about FinancialServicesCrossing is that you can upload your resume and also have the option to apply online.

+ More success stories
+ Share your success story with us
HOW WE WORK

Watch Our Latest Video!

HOW WE WORK
See Every Financial Services Job We Can Find on the Internet!
Unlike other sites, FinancialServicesCrossing works for you and does not charge employers to post jobs and actually goes out and researches jobs for you. The jobs you see are the jobs we find for you and not the ones employers are paying us to post.
To compare FinancialServicesCrossing with other job sites
Click here
USEFUL LINKS

Press Releases

Add FinancialServicesCrossing to My Favorites

Leading Employers
Tell a Friend!
Find us on   Facebook
Top 101 Reasons to Sign Up for FinancialServicesCrossing
Reason 43: FinancialServicesCrossing saves you hours upon hours of research time by taking care of all the grunt work for you.
  Click here for 100 more reasons  
FinancialServicesCrossing cares about your individual needs.
Tell Us What You Think   
FinancialServicesCrossing answers:
Why can't I just use a free method to look for a job?
+ Click here for answer
Free Webinar by Harrison Barnes
Learn Something from the Upper and Lower Class: Do Not Be Paralyzed by Others’ Opinions

Friday, March 12, 2010 at 1:00 PM PST.
Today at FinancialServicesCrossing

8,719 - Jobs found in last 24 Hours 33,730 - Jobs found in last 7 Days 118,643 - Total Jobs Found
Your privacy is guaranteed. We will never give out, lease, or sell your personal information. Whitelist FinancialServicesCrossing
Sign Up  |   About Us  |   History  |   Our Mission  |   Refer A Friend  |   Terms of Use  |   Privacy  |   Post a Job Opening  |   Job-Opening FAQ  |   Testimonials  |   Career Articles

The FinancialServicesCrossing Guarantee  |   Crossing Sites  |   Browse Jobs  |   Benefits of Working with FinancialServicesCrossing  |   Site Map

Career Advice  |   Resume Service  |   Resume Distribution Service
In a different but related profession? We can help! Explore our related sites:
Accounting Jobs |  Actuarial Jobs |  Insurance Jobs |  Underwriting Jobs |  EmploymentCrossing
FinancialServicesCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
FinancialServicesCrossing is the first job consolidation service in the employment industry to seek to include every job that exists and not charge employers to post jobs on its site.

FinancialServicesCrossing uses sophisticated technology and manual work to comb employer websites and other job boards for jobs and bring them all to its site.