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Tax Deduction Consulting Moundsville WV

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.

Harold D. Vealey (RFC®), CLU, LUTCF
(304) 346-2154
910 Chester Road
Charleston, WV
Company
Vealey Financial Services
Qualifications
Education: BA
Years of Experience: 43
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, BuySell, Compensation Plans

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Liberty Tax Service
(866) 871-1040
3559 Robert C Byrd Dr
Beckley, WV

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H&R Block
(304) 733-0536
500 Mall Rd
Barboursville, WV

Data Provided by:
H&R Block
(304) 797-1216
3348 MAIN ST
WEIRTON, WV

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H&R Block
(304) 366-3728
32 TYGART VALLEY MALL
WHITE HALL, WV

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Mr. Gregory R. Metcalf (RFC®), RFP
(307) 723-5018
200 Ivy St
Weirton, WV
Company
Horizon Financial Group
Qualifications
Education: Ohio University, BBA FinanceCollege for Financial Planning's CFP Certification Professional Education Program
Years of Experience: 15
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Portfolio Management, Pension Planning, Retirement Planning, Medicaid Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection

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Tax Tech
(304) 296-1040
990 Fairmont Rd Ste C
Morgantown, WV

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H&R Block
(304) 643-4444
119 S PENN Ave
HARRISVILLE, WV

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H&R Block
(304) 258-8777
318 N WASHINGTON ST
BERKELEY SPRINGS, WV

Data Provided by:
Himes, Thomas G
(304) 425-5119
600 Rogers St
Princeton, WV

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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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