Hidden Tax Deductions That May Surprise You

College Tax Deductions and Credits for Students

Income Tax DeductionTax laws and regulations pertaining to deductions can be quite confusing. While you may be familiar with standard rules such as the interest on a home mortgage, there are numerous other hidden tax deductions that can help save you money and fatten your refund from the IRS. Here are are several hidden tax deductions that may surprise you and help you save money.

Hidden Tax Deductions That May Surprise You

Refinancing

The home-buying process can be exciting. Unfortunately, closing costs and the down payment can quickly add up. An added benefit to purchasing a home is that you’re able to deduct the interest paid on your mortgage each year. With interest rates still at an all-time low, many homeowners are taking advantage of the low costs by refinancing their current mortgage. A hidden advantage that can aid you on your taxes is that you’ll be able to deduct refinancing points that you’ve paid.

Home Renovations

If you own a small business, you realize the importance of financial planning and using private capital to grow your company. As your bank account grows with your business success, you’ll be able to save money for a down payment on a home.

If you purchase a home that needs a little work, you can make your renovations work for you. In addition to helping you save money on your utility bills, energy efficient appliances and materials are tax deductible. From appliances and wall insulation to new water heaters and wind turbines, the credits can be pretty substantial.

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Six Terms that Every Aspiring Forex Trader Should Understand

Essential Tech for Currency Trading Online

Essential Tech for Currency Trading OnlineMany people would love to boost their bank balances, and spend a large portion of their lives on the lookout for ways to achieve their ambition. When you’ve reached your optimum job potential, work as many hours as you can, and lack the motivation to retrain and go in search of better paying employment, however, this can seem like an impossible task.

This is why so many people fall in love with forex trading. The perfect form of passive income, it’s flexible, accessible, and can also be highly profitable. Unfortunately, it’s also incredibly complex to master. The currency markets take a great deal of skill and knowledge to negotiate, and this means putting in the hours to learn about them. There are a myriad of terms, tactics, and technologies to get to grips with, and one of the first factors that you need to master is the jargon. 

That’s where we come in. If you’re an aspiring forex investor, here are a few terms that you need to know before you unleash yourself on the markets…

#1: Currency Combination

The currency markets revolve around the various pairings that traders choose to invest in, so if you don’t understand this fundamental concept, you’re definitely not ready to start making your mark. Almost any currency can be traded against another, with the only proviso being that a broker must offer it for you to be able to invest in it. The values of these pairings are in a constant state of flux, and they can move dramatically even in the space of a single day. The most common combinations are known as the ‘four majors’, and these tend to be a great starting point for beginners. 

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It’s Time to Turn Your Setbacks into Greenbacks

Turn Setbacks into Greenbacks

Turn Setbacks into GreenbacksThe following is a guest post by Dr. Willie Jolley. Dr. Willie Jolley is the author of “Turn Setbacks Into Greenbacks: 7 Steps To Go From Financial Disaster to Financial Freedom“.

There’s a great Lenny Kravitz song that says, “It ain’t over ‘till it’s over.” Nowhere is this truer than in the world of business and finance. Whether you’re an independent business owner, an executive or work for an hourly wage, it can be absolutely devastating when things go wrong and everything that you’ve been planning for goes off course.

You may be reminded of chicken little and begin thinking that the sky is falling and you just want to give up. If you find yourself in this mindset, the first thing you should do is take a deep breath and find your focus.

Most of the world’s greatest successes faced major obstacles and challenges, yet managed to bounce back. You can do the same thing if you are ready to adapt, take advantages of opportunities and never give up.

Turn Setbacks Into Greenbacks

When it comes to going from financial disaster to financial freedom, it all starts with these seven steps.

Stop commiserating

People who sit around and commiserate are the people who would rather complain about problems than do anything to fix them. In the real world, things sometimes do happen that shouldn’t or are unfair. The real question is: how do you deal with it?

We can complain about the dark or we can light a candle and be a light in a dark world. We can’t change the past, but we can definitely move forward towards something better. The choice is yours.

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Forex 101: Essential Tech for Currency Trading Online

Essential Tech for Currency Trading Online

Essential Tech for Currency Trading OnlineAlthough the claim that 95% of forex traders lose money can be debated at length, this statistic does at least some insight into the challenges facing those who try their hand at currency trading online. While this market may deliver high, margin-based returns, for example, it is also prone to considerable volatility and can also suffer from sudden price movements.

It is certainly not a market for the feint-hearted, while beginners must also take the time to research the foreign exchange in detail before taking their initial steps. 

Essential Tech for Currency Trading Online

Forex Market and Currency Trading 101: Online Tips for beginners

While the rise of online trading outlets and brokerage firms such as ETX Capital many have removed many of the barriers to entry facing novice currency traders, the foreign exchange is still and extremely complex market that demands a great deal from beginners. With this in mind, here is a quick and basic guide to get you started: 

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Top 12 Critical Things You Should Know Before Buying A House

12 Things You Should Know Before Buying A House

The following is a guest post about what you need to know before buying a house by George Dokuchaev, a content writer at Prime Property Group. If you would like to write an article for Money Q&A, please visit our Guest Posting Guidelines page. 12 Things You Should Know Before Buying a House Buying a home can be complicated. Here are 12 things you need to know before buying a home in today’s market. It is not necessary to be a home owner. You should bear in mind that it is not necessary to become a homeowner, especially if it does not fit in with your lifestyle. Not everyone wants the responsibilities that go with owning a home. You may prefer to rent due … Read more

Employers Liability Insurance – Why Do You Need It?

Employers Liability Insurance - Why Do You Need It?

Employers Liability Insurance - Why Do You Need It?It’s a legal requirement for employers in England, Scotland and Wales (including those who run off-shore installations) to have insurance in place against liability for injury or disease to their employees as a result of their employment. This is known as employers liability insurance.

Employers have a legal responsibility for the health and safety of employees who work for them. The definition of ‘working for an employer’ depends on the nature of the employer/employee relationship, including the degree and nature of control that an employer has over work.

For example, if tax and national insurance are deducted by the employer from an employee’s earnings, or if the employer provides the tools and work equipment for the employee, this means they’re included in the cover.

Independent contractors who work for different companies aren’t covered by the employer’s liability insurance of those companies.

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