Wednesday, April 05, 2006

Gambling Losses are deductible

It's tax season and I wanted to share some tax tips.

  • Hold on to all those losing megamillion stubs! Gambling losses are deductible, but send them along with your tax return so you don't get audited!
  • Don't forget to give to IRS recognized charities and get the receipt
  • Contribute to your own 401k via pre-tax contributions from your employer
  • Student Loan interest is tax deductible
  • Contribute to your IRA, the maximum nowadays is $4000k, pick a good fund to invest in once you've made your contributions

  • 0 Comments:

    Post a Comment

    << Home