A lot of people buy tax software, hoping it will be a cheap solution to their problems. They think that because it is software, you can just push a button and it is all done. But software is just a tool, and you still need to know what you are doing with it.
The age amount has increased from $4066 to $5066 for the 2006 tax year. If you are 65 years old by Dec 31, 2006 and your net income is under $64,043. you can claim this amount.
Keep your receipts for the cost of your childs sports and fitness activities. At last there will be a deduction for putting your children in fitness or sports activities starting in the 2007 tax year.
A lot of people buy tax software, hoping it will be a cheap solution to their problems. They think that because it is software, you can just push a button and it is all done. But software is just a tool, and you still need to know what you are doing with it.
Here are some tax tips if you use your car for your business or work.
The cost of your monthly transit pass can be used as a federal non refundable tax credit starting in the June 2006 tax season.
Keep your receipts for the cost of your childs sports and fitness activities. At last there will be a deduction for putting your children in fitness or sports activities starting in the 2007 tax year.