Bad Credit Forum- Re: Best Way To Pay Down Debt and Raise Credit ScoreAlso be sure to check your credit report for errors. They really do happen. I had 2 entries for one credit card, for example, which made it look like I had more outstanding credit than I did. I disputed it, and it was quickly fixed. […]
- Re: Best Way To Pay Down Debt and Raise Credit ScoreThere is a decent article on credit card payoff strategies: http://www.over50web.net/finance/save-money-finance/credit-card-payoff-strategies/ The comments actually give some good information. Basically, you should pick a stategy that works well for you. That said, I do believe that paying off cards that are close to their limits will have a quicker impact o […]
- Re: Renting With Poor CreditAbsolutely, your best bet is to long for somebody who needs a room mate in their own home - if you need very cheap rent, there are older people who need some help around the house or transportation - and they may be willing to give you a big break on rent (or even free rent) in exchange for some services. Of course, you have to be responsible and do what you […]
- Re: Best Way To Pay Down Debt and Raise Credit Score
Category Archives: Taxes
Tax Deductions You May Not Have Thought Of
Tax Deductions That Work
OK, it is crunch time for doing taxes now. Just be sure that in your rush to get your taxes done, you do not overlook some perfectly legal ways to reduce your bill or increase your tax return. Here are some tax deductions you may not have thought of. Keep in mind that this is not professional tax advice, but just stories of allowed deductions. Do your own due dilligence!
Common and Legal Ways To Reduce Federal Taxes to the IRS
Legally Reduce Your Tax Bill
No, these tips are no big secret, but are actually published on the IRS website. They are the most common type of tax deductions and credits that can reduce your federal tax bill. I am pubishing them here, because people often overlook them. We all have to pay taxes, but there is no reason to pay more than we legally have to pay!
- Exemptions for children and a spouse
- Deudctions – Home mortgage interest, Other Taxes Paid (i.e. real estate), Student Loan Interest, Charity, Casualty and Theft Losses, Some Job Related Expenses.
