Basic Tax Reduction Tips

Basic Tax Reduction Tips - Infographic

Tax exemptions include single taxpayer, married taxpayer filing jointly with spouse, married taxpayer filing separately from spouse, head of household taxpayer, taxpayer with children, and taxpayer with other dependent relatives. The two main types of tax deductions are standard deductions and itemized deductions. Standard deductions for (1) a single taxpayer and for married taxpayer but filing separately = $6,300; (2) married and filing jointly taxpayer and qualifying widow or widower = $12,600; (3) head of the household taxpayer = $9,300. On the other hand, for itemized deductions, you save more money on taxes if you itemize your deductions and list them on Schedule A of your tax return.

Top personal tax deductions include mortgage interest and property taxes, charitable donations, medical expenses and health savings account, child and dependent care, 401(K) and IRA contributions, student loan interest, education expenses, job expenses, and home office tax deductions. This infographic also shows the eligible self-employment tax deductions.

All information provided on this infographic is for informational purposes only. OfferEDGE makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors or omissions in this information or any damages arising from its display or use.

Source : Tax deductions

Some Fascinating 2017 Instagram Growth Statistics

Interesting_Instagram_Statistics

Instagram has topped 600 million daily, active users and continues it’s incredible growth in 2017. With all of that growth, having a flourishing Instagram profile should remain one of your top social media goals. One interesting user statistic that is falling is the average follower growth. It’s fallen to below 20% – from previous highs of 40+%. This indicates that the ability to grow your Instagram followers remains a key skillset that may continue to get harder as the platform matures. There are a host of organizations and companies that are actively promoting instagram growth to help you on your journey – so get posting!

Source : More at Socifollower

Palmer Administration Services Extended Service Contract – Why The Need for Additional Warranty?

Palmer Administration Services - 1

When you buy a car or a consumer product like an electronic device, it includes a warranty provided by the manufacturer for a specific period of time. Warranty is a specific feature of the purchase but once it expires, you are on your own unless you purchase an extended service contract.

Extended service contract or extended warranty is a service contract or maintenance agreement offered to consumers in addition to the standard warranty that goes with new items. Extended warranties cost extra. The amount will be a percentage of the item’s retail price. New cars come with a warranty that covers repairs for a certain period of time and a certain number of miles; for example, 3 years and 36,000 miles. Generally, auto warranty does not cover vandalism or theft, dings or dents, road salt damage, environmental or natural disaster-related damages, car wash damage, and normal routine maintenance.

Extended warranty service is offered by Palmer Administration Services for your peace of mind that there is protection when the standard warranty has expired. The car is an expensive investment and when an unexpected repair comes your way, it will be covered. Depending on which plan is taken for extended warranty service, different parts of the car are covered beyond the manufacturer’s warranty. Repairs will be a hassle-free transaction.

Source : http://palmeradministration.com/plans