Holiday Tax Tips 2011

It’s not too late to save money on your 2011 taxes. But you must take action on or before December 31! General  Make charitable donations. Don’t forget, these also include non-cash donations.  Use up your flexible spending plan funds. Use it now or lose it.  If you have a Health Saving Account (HSA), contribute the maximum. For families it is $6150, for individuals $3050.  If...

Ask a tax question

Hi everyone!  I hope you enjoy the reads I’ve posted .  If you cannot find a tax question answered here, you are welcome to call me or email me.  512-917-2674 or eedwards15@austin.rr.com. And if you enjoyed the blog,submit your email address in the box to the right for future updates.  A new tax update will be submitted week of 1/31.

Health Insurance and the Healthcare Reform Act II

As you probably know, The Health Care Reform Act requires that we all must have health insurance by 1/1/2012. This hit’s a tough spot for me because it has been difficult to take a deduction for premiums on the itemized deductions form.  I’ve been doing taxes since I was in high school and its always been this way.  And if you are able to take them, its very possible that you will get...

How the change in the Security Rate will effect us:

As most of you know, the Social Security rate is now 4.2% instead of 6.2%. This means that you will have less taken out of your paycheck.  So your take home will be more. That’s the good news if you’re an employee. This will not help the employer.  You still have to pay in 6.2%. It can affect the existing people that are now receiving social security.  If you don’t know, the...

How to motivate yourself to exercise!Whohoo!

Its possible, it worked(s) for me and I know it will work for  you. Background:  On April 26 2009, I was just so embarrased by my weight gain I had to do something.  I had lost weight before but I put it on again.  See I’m an emotional eater.  I was going thru a rough year processing stuff in therapy.  This triggered emtoions I had never felt before.  I had gone up another size and...