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Tax Deduction Consulting Bear DE

There is no doubt that paying taxes is one of the least favorite things to do for most Americans. This is hardly a surprise given the incredibly confusing tax laws and IRS forms. As one person said, when you finish your tax returns you don't know if you are a criminal or a martyr. Simply put, it can be massively confusing and stressful. One of your major weapons in fighting back is the much-loved deduction, which we cover in this introduction to tax deductions.

Joan L. Sharp (RFC®), CFP, CHFC, MSFS
(302) 324-5363
42 Reads Way
New Castle, DE
Company
Life Strategies, LLC
Qualifications
Education: BAMSFS
Years of Experience: 8
Membership
IARFC, FPA, SFSP
Services
Invoice, Estate Planning, Retirement Planning, Tax Planning, Charitable Planning, Asset Protection, Compensation Plans

Data Provided by:
Frank M. Levy (RFC®), CHFC, CLU
(302) 765-3500
205 Philadelphia Pike
Wilmington, DE
Company
Diversified Financial Consultants
Qualifications
Years of Experience: 34
Membership
IARFC, MDRT
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Asset Protection, Compensation Plans

Data Provided by:
H&R Block
(302) 836-9430
1017 Governors Pl
Bear, DE

Data Provided by:
Liberty Tax Service
(866) 871-1040
96 Garfield Ave
New Castle, DE

Data Provided by:
Jackson Hewitt
(888) 548-1040
1125 Capitol Trail
Newark, DE

Data Provided by:
Keith Al-Chokhachy, Certified Financial Planner(tm)
2751 Centerville Road
Wilmington, DE
Company
Title: Certified Financial Planner"
Company: Morgan Stanley Smith Barney
Years Experience
Years Experience: 8
Service
Captive Insurance,Life Settlements,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Fee Only Portfolio Management,Wealth Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rol

Data Provided by:
Bill Curry
1521 Concord Pike
Wilmington, DE
Company
Company: Curry Poole Group, LLC
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
BS
MBA
JD
Years Experience
Years Experience: 42
Service
Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Portfolio Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Life Insurance,Investment & Portfolio Man

Data Provided by:
H&R Block
(302) 652-3286
2064 New Castle Ave
New Castle, DE

Data Provided by:
Liberty Tax Service
(866) 871-1040
418 Suburban Dr
Newark, DE

Data Provided by:
H&R Block
(302) 378-8931
376 E MAIN ST
MIDDLETOWN, DE

Data Provided by:
Data Provided by:

Tax Deduction Consulting

Introduction to Tax Deductions

While people may hate taxes and tax forms, they love tax deductions. Here is an introduction to tax deductions that may help you minimize what you pay.

There is no doubt that paying taxes is one of the least favorite things to do for most Americans. This is hardly a surprise given the incredibly confusing tax laws and IRS forms. As one person said, when you finish your tax returns you don't know if you are a criminal or a martyr. Simply put, it can be massively confusing and stressful. One of your major weapons in fighting back is the much-loved deduction, which we cover in this introduction to tax deductions.

Tax deductions are simply expenses that you are allowed to use to reduce your gross income. From a big picture perspective, figuring out your taxes is actually pretty simple. You determine your gross income and then deduct everything allowable under law. When you have that figure, you head to the tax tables and figure out how much you owe. Obviously, there are other aspects such as capital gains to the process, but this is it in a nutshell and emphasizes the importance of tax deductions.

When contemplating tax deductions, it is important to remember that they almost always exist to modify our behavior in some way. Take the mortgage interest deduction for example. It exists for the purpose of promoting homeownership in the United States. By offering a substantial financial windfall, the government seeks to put as many fannies in homes as possible and secure the middle class that makes our society so strong. This approach is true for nearly all tax deductions, even if the exact purpose does not seem obvious at first.

When writing an introduction to tax deductions, the first thing any reader wants to see is a list of tax deductions they can claim. Unfortunately, that is next to impossible. The tax code with regulations is over 50,000 pages and full of tax deductions. There may be some poor soul out there willing to ...

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