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	<title>Best Tax Tips &#187; Individual</title>
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	<description>Individual and Business Tax Articles</description>
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		<title>Tips on Gambling Income</title>
		<link>http://besttaxtips.com/2010/03/tips-on-gambling-income/</link>
		<comments>http://besttaxtips.com/2010/03/tips-on-gambling-income/#comments</comments>
		<pubDate>Sun, 21 Mar 2010 09:06:03 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Individual]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=236</guid>
		<description><![CDATA[
			
				
			
		
Gambling winnings are fully taxable and must be reported on your tax return. Here are seven tips to know about gambling winnings.


Gambling income includes &#8211; but is not limited to &#8211; winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes such as cars, houses, trips [...]]]></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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		<title>Seven Tips about Claiming the First-Time Homebuyer Credit</title>
		<link>http://besttaxtips.com/2010/03/seven-tips-about-claiming-the-first-time-homebuyer-credit-2/</link>
		<comments>http://besttaxtips.com/2010/03/seven-tips-about-claiming-the-first-time-homebuyer-credit-2/#comments</comments>
		<pubDate>Thu, 18 Mar 2010 08:56:51 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[First-Time Homebuyer Credit]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=224</guid>
		<description><![CDATA[
			
				
			
		
If you purchased a home in 2009 or early 2010, you may be  eligible to claim the First-Time Homebuyer Credit, whether you are a first-time  homebuyer or a long-time resident purchasing a new home.
Here are seven things to know about claiming the credit:
1. You must buy &#8211; or enter into a binding contract [...]]]></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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		<title>A free way to get your money faster</title>
		<link>http://besttaxtips.com/2010/03/a-free-way-to-get-your-money-faster/</link>
		<comments>http://besttaxtips.com/2010/03/a-free-way-to-get-your-money-faster/#comments</comments>
		<pubDate>Fri, 05 Mar 2010 18:58:31 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=228</guid>
		<description><![CDATA[
			
				
			
		
A Best Tax Tip  &#8211; we suggest that taxpayers (and tax preparers) who want to expedite their tax  refunds should use direct deposit. By using direct deposit, taxpayers can get  their refunds much sooner than those who choose to have a paper check mailed to  them.
The advantages of choosing direct deposit [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Eight Tips to Help You Choose a Tax Preparer</title>
		<link>http://besttaxtips.com/2010/03/eight-tips-to-help-you-choose-a-tax-preparer/</link>
		<comments>http://besttaxtips.com/2010/03/eight-tips-to-help-you-choose-a-tax-preparer/#comments</comments>
		<pubDate>Mon, 01 Mar 2010 18:59:42 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Preparer]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=232</guid>
		<description><![CDATA[
			
				
			
		
Use care and caution when choosing a tax preparer. Remember, you are legally responsible for what&#8217;s on your tax return even if it was prepared by an another individual or firm.

Most tax return preparers are professional, honest and provide excellent service to their clients. However, unscrupulous tax return preparers do exist and can cause considerable [...]]]></description>
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		<slash:comments>0</slash:comments>
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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>
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		<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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		<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>
		</item>
		<item>
		<title>Seven Tips about Claiming the First-Time Homebuyer Credit</title>
		<link>http://besttaxtips.com/2010/02/seven-tips-about-claiming-the-first-time-homebuyer-credit/</link>
		<comments>http://besttaxtips.com/2010/02/seven-tips-about-claiming-the-first-time-homebuyer-credit/#comments</comments>
		<pubDate>Thu, 11 Feb 2010 17:22:09 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=217</guid>
		<description><![CDATA[
			
				
			
		
If you purchased a home in 2009 or early 2010, you may be  eligible to claim the First-Time Homebuyer Credit, whether you are a first-time  homebuyer or a long-time resident purchasing a new home.
Here are seven things to know about claiming the credit:
1. You must buy &#8211; or enter into a binding contract [...]]]></description>
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