You often hear of people saying that you should or should do something “because you get a tax deduction.” Changing your normal course of action just because a tax incentive is usually not a good idea. One can point to the 10% tax credit on home purchases in 2008. Home [...]
Continue Reading →What are the effects of moving between the 10%, 15%, 25% and 28% marginal tax brackets? The answer, like most questions on tax, is that it depends. Different levels of income and family situations dictate the different level of income taxes paid. There is a difference to be aware of when moving from the 15% [...]
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Do you own a home or give to charity in Oshkosh or the Fox Valley? If so, timing certain payments can save you hundreds of dollars in taxes by grouping your deductions in certain calendar years. Tax Relaxer is available to help you maximize your deductions.
You may already know that you receive a [...]
Continue Reading →If you are like most Oshkosh or Fox Valley business owners, you may have taken a deduction for your home office or for an area of your house used in business. Also, you may be familiar with the 43-line Form 8829, the form used to calculate an [...]
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The Fiscal Cliff
This past summer, my wife Jamie and I visited High Cliff State Park. The cost of admission was $7. I’m ashamed to say I grew tired climbing the path to the 40-foot observation tower at the vantage point of the cliff. From the observation [...]
Continue Reading →“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.â€
The above Benjamin Franklin quote highlights the certainty of taxes. Taxes will always be there in some form or another. The first personal income tax [...]
Continue Reading →Hello Everyone!
The tax time is just around the corner! I hope everyone had a wonderful 2011 both tax-wise, and more importantly, lifestyle wise; spent with happy moments with family, friends and you all are in a better position now than one year ago.
2011 was a year that was very good to me. [...]
Continue Reading →The first thing I do when I get home from work is check the mail box. I don’t know, it just seems like the right thing to do. There’s usually 3-4 mail pieces in there. In the pile of newly acquired mail, I would peg the average [...]
Continue Reading →Interest payments add up. Car payment, credit card payments, business expenses, mortgage and recurring monthly bills add up, and they can add up quickly. One day you are making payments adding up to $500, and in the blink of an eye you could be staring down the barrel of $5,000 a month. [...]
Continue Reading →With all this talk about the recession, and no light at the end of the tunnel, there are some wild ideas being thrown around about how to turn that light back on. I was thinking about it, earlier today, when Obama launched “the Buffet taxâ€. Yikes, I thought, Buffet is putting [...]
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"Back in college I pitched an idea to my marketing student group that I truly believed in: "Anything of quality can be had at an affordable price." The Tax Relaxer is built on the same simple principal: "Quality Returns, Prepared and Reviewed by a Quality Specialist, for an Affordable Price, PERIOD."
- Kevin McMullen, Founder
