The Daily Deduction

Recent Posts

‘Tis the Season for Credit Card Data Breaches - Staples Announces Investigation

Another large retailer launched an investigation of a possible breach of customers’ payment card data. On Tuesday, Staples announced that the retailer contacted law enforcement to launch a data breach investigation after a security report tied instances of fraud to Staples stores in the northeast. The announcement comes, ironically, as National Cybersecurity Awareness Month draws to a close.

Posted To: The Daily Deduction
By: Lauryn on 10/23/2014 01:11:17 PM

Long Term Financial Planning for Millennials:The Savers Tax Credit

According to the survey, over half of millennials have not started saving for retirement. This conclusion from the survey speaks more volumes about the economic crisis of the generation more so than the personal finance priorities of the current young adult generation.

Posted To: The Daily Deduction
By: Lauryn on 10/13/2014 01:32:12 PM

This Weekend: Save up to $150 on Appliances in Virginia

If you’re in the market for a common home appliance, it’s a great weekend to buy it in the Commonwealth of Virginia.  If the appliance you’ve had your eye has a retail price of $2,500 or less and has the Energy Star® or WaterSense® label on it, you could avoid sales tax on your purchase this weekend. The Virginia Sales Tax holiday (where select products are exempt from sales tax) begins at 12:01 AM on October 10 and lasts until 11:59 PM on October 13.  Tax exempt purchases are limited to consumer use only (sorry, landlords, contractors, and salons, this tax holiday isn’t for you.)

Posted To: The Daily Deduction
By: Lauryn on 10/9/2014 12:35:00 AM

Living On Freelance Income Series: Track Income

This third and final installment in our “Living on Freelance Income” series discusses tips on how to keep cash flowing for consultants and independent contractors. 

Posted To: The Daily Deduction
By: Lauryn on 10/8/2014 01:30:00 AM

Living On Freelance Income Series: Plan for Tax Time

The following article is the second article in a series of three about making a sustainable living as an independent contractor.

Posted To: The Daily Deduction
By: Lauryn on 10/1/2014 12:35:00 PM

Living On Freelance Income Series: Spend Only What You Need

These days, many individuals are seeking more than just a wage from a single employer. People from all career stages—from college graduates, to professors, and even business executives—are turning to freelancing positions, side gigs, and contracting jobs to either generate or supplement their income. In this three part series, The Daily Deduction has tips on how to successfully manage your income as an independent contractor.

Posted To: The Daily Deduction
By: Lauryn on 9/30/2014 12:30:06 PM

Fall Tax Maintenance

There is still time left in the year to make tax effective moves to maximize your financial situation. Starting now will allow you to identify any financial opportunities, organize documents, and take necessary steps to make a noticeable difference for your tax return this coming January.

Posted To: The Daily Deduction
By: Lauryn on 9/23/2014 01:45:00 AM

Talking About Finances With Your Partner: 6 Ways to Successfully Marry Finances

Wedding season is reaching another peak as we begin to transition into the early fall. As two households combine, it is important to find the right balance between you and your partner’s finances. The Daily Deduction has a few tips to help make the transition smoother.

Posted To: The Daily Deduction
By: Lauryn on 9/30/2014 05:00:00 PM

Should I Amend My Tax Return?

Whether you forgot, transposed numbers, or you received essential paperwork after you filed, there is still time to amend your tax return.  The Daily Deduction has a few essential guidelines that you should know before you reach out to your local Liberty Tax Service office to file your amendment.

Posted To: The Daily Deduction
By: Lauryn on 9/12/2014 01:57:38 PM

Grandparenting is Grand!

Happy Grandparents' Day to our eSmart Tax Community! This day is about celebrating family, no matter how far they live from you. If you're looking for ideas on how to celebrate, The Daily Deduction has a few budget-friendly suggestions.

Posted To: The Daily Deduction
By: Lauryn on 9/7/2014 02:05:00 AM

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