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	<title>Best Tax Tips &#187; Deductions</title>
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	<link>http://besttaxtips.com</link>
	<description>Individual and Business Tax Articles</description>
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		<title>Eight tips to know about the New Vehicle Sales and Excise Tax Deduction</title>
		<link>http://besttaxtips.com/2010/03/eight-tips-to-know-about-the-new-vehicle-sales-and-excise-tax-deduction/</link>
		<comments>http://besttaxtips.com/2010/03/eight-tips-to-know-about-the-new-vehicle-sales-and-excise-tax-deduction/#comments</comments>
		<pubDate>Fri, 19 Mar 2010 08:57:46 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Excise Tax Deduction]]></category>
		<category><![CDATA[New Vehicle Sales]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=226</guid>
		<description><![CDATA[
			
				
			
		
If you bought a new vehicle in 2009, you may be entitled to  a special tax deduction for the sales and excise taxes on your purchase.
1. State and local sales and excise taxes paid on up to  $49,500 of the purchase price of each qualifying vehicle are deductible.
2. Qualified motor vehicles generally include [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Tips for understanding the Standard deduction and Itemized Deduction</title>
		<link>http://besttaxtips.com/2010/03/tips-for-understanding-the-standard-deduction-and-itemized-deduction/</link>
		<comments>http://besttaxtips.com/2010/03/tips-for-understanding-the-standard-deduction-and-itemized-deduction/#comments</comments>
		<pubDate>Wed, 10 Mar 2010 18:55:14 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Itemized deduction]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=220</guid>
		<description><![CDATA[
			
				
			
		
Most taxpayers have a choice of either taking a standard  deduction or itemizing their deductions. If you have a choice, you can use the  method that gives you the lowest tax.
Whether to itemize deductions on your tax return depends on  how much you spent on certain expenses last year. Money paid for [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Eight Reasons why you may want to file income tax</title>
		<link>http://besttaxtips.com/2010/02/eight-reasons-why-you-may-want-to-file-income-tax/</link>
		<comments>http://besttaxtips.com/2010/02/eight-reasons-why-you-may-want-to-file-income-tax/#comments</comments>
		<pubDate>Fri, 19 Feb 2010 08:19:12 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[eight reasons why you may want to file]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=214</guid>
		<description><![CDATA[
			
				
			
		
Even if you don&#8217;t have to file, here are eight reasons  why you may want to file:
1. Federal Income Tax  Withheld If you are not required to file, you should file to get  money back if Federal Income Tax was withheld from your pay, you made estimated  tax payments, or had [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tips on Items Excluded from Income</title>
		<link>http://besttaxtips.com/2010/02/tips-on-items-excluded-from-income/</link>
		<comments>http://besttaxtips.com/2010/02/tips-on-items-excluded-from-income/#comments</comments>
		<pubDate>Tue, 16 Feb 2010 08:15:37 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[Income]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=208</guid>
		<description><![CDATA[
			
				
			
		
Here is a tax tip to  reacquaint taxpayers with situations where certain types of income are partially  taxed or not taxed at all. Common examples of items that are not included in  income, such as:

—adoption expense reimbursements for  qualifying expenses
—child support payments
—gifts, bequests and  inheritances
—workers&#8217; compensation  benefits
—meals and lodging [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Five Tips to offset education costs</title>
		<link>http://besttaxtips.com/2010/02/five-tips-to-offset-education-costs/</link>
		<comments>http://besttaxtips.com/2010/02/five-tips-to-offset-education-costs/#comments</comments>
		<pubDate>Mon, 15 Feb 2010 17:15:11 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[education costs]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=205</guid>
		<description><![CDATA[
			
				
			
		
1. The American  Opportunity Credit This credit can  help parents and students pay part of the cost of the first four years of  college. The American Recovery and Reinvestment Act modifies the existing Hope  Credit for tax years 2009 and 2010, making it available to a broader range of  taxpayers. [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Seven things to know about the Government Retiree Credit</title>
		<link>http://besttaxtips.com/2010/02/seven-things-to-know-about-the-government-retiree-credit/</link>
		<comments>http://besttaxtips.com/2010/02/seven-things-to-know-about-the-government-retiree-credit/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 17:34:43 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=202</guid>
		<description><![CDATA[
			
				
			
		
Certain government retirees who receive a government pension or annuity payment in 2009 may be eligible for the Government Retiree Credit. The American Recovery and Reinvestment Act of 2009 provides this one-time credit of $250 for certain federal and state pensioners.

Here are seven things to know about the Government Retiree Credit :


 You can take [...]]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Ten Tax Topics for Taxpayers with Tots and Teens</title>
		<link>http://besttaxtips.com/2010/01/ten-tax-topics-for-taxpayers-with-tots-and-teens/</link>
		<comments>http://besttaxtips.com/2010/01/ten-tax-topics-for-taxpayers-with-tots-and-teens/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 12:01:55 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[Tax Credits]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=192</guid>
		<description><![CDATA[
			
				
			
		
Got Kids? They may have an impact on your tax situation. Listed below are the top 10 things the IRS wants you to consider if you have children.  

       



Image via Wikipedia


 
 


Dependents In most cases, a child can be claimed as a dependent in the year they were born. For more information see IRS Publication 501, Exemptions, [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ten Things You Should Know about the Making Work Pay Tax Credit</title>
		<link>http://besttaxtips.com/2010/01/ten-things-you-should-know-about-the-making-work-pay-tax-credit/</link>
		<comments>http://besttaxtips.com/2010/01/ten-things-you-should-know-about-the-making-work-pay-tax-credit/#comments</comments>
		<pubDate>Mon, 25 Jan 2010 15:22:30 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[Tax Credits]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=188</guid>
		<description><![CDATA[
			
				
			
		
Here are 10 things to know about this tax credit to ensure you receive the entire amount for which you are eligible.




Image via Wikipedia





In 2009 and 2010, the Making Work Pay provision provides a refundable tax credit of up to $400 for individuals and up to $800 for married taxpayers filing joint returns.
For taxpayers who [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>IRS Announces 2010 Standard Mileage Rates</title>
		<link>http://besttaxtips.com/2009/12/irs-announces-2010-standard-mileage-rates/</link>
		<comments>http://besttaxtips.com/2009/12/irs-announces-2010-standard-mileage-rates/#comments</comments>
		<pubDate>Fri, 04 Dec 2009 12:28:27 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Deductions]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=159</guid>
		<description><![CDATA[
			
				
			
		
The Internal Revenue Service today issued the 2010 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.




Image via Wikipedia



Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

50 cents per [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Tax-saving Moves for the Rest of 2009</title>
		<link>http://besttaxtips.com/2009/10/tax-saving-moves-for-the-rest-of-2009/</link>
		<comments>http://besttaxtips.com/2009/10/tax-saving-moves-for-the-rest-of-2009/#comments</comments>
		<pubDate>Mon, 12 Oct 2009 15:44:12 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[Alternative Minimum Tax]]></category>
		<category><![CDATA[Child and Dependent Care Credit]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[Tax deduction]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=151</guid>
		<description><![CDATA[
			
				
			
		
April 15 is still several months away, but it’s not too soon to give your 2009 tax situation some extra attention. Here are some pointers that could lighten your federal income-tax burden.




Image by Walt Jabsco via Flickr



Buy a car. State and local sales or excise taxes paid on the purchase of a new vehicle are [...]]]></description>
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