If you itemize or even if you take the standard deduction, you probably want to consider the following. Too often I see people who have in essence paid more tax than they should have by not squeezing every bit of value out of their deductions.

To understand this concept, you need to understand the value of your deductions and the tax cost of income.

Never in the course of our history has there been a crying necessity for people to take a hard look at how much they are paying in taxes. Tax planning is a vital requirement for anyone who wants to pursue a BIG dream.

An excerpt from Chapter 9 of Generation BIG – The Rising Tide of Dreams to Action To launch a BIG life, you need a financial foundation that perpetually fuels the journey. Being BIG doesn’t demand sacrificing lifestyle. In fact, our observations confirm just the opposite.

According to the April 4 Kiplinger Tax Letter, the opportunity to donate your IRA withdrawals to charity without tax affect will be reinstated retroactively to January 1, 2008. Congress allowed this benefit to expire at the end of 2007. This is good news for people