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Finance Tips: Will You Take a Home Office Tax Deduction?

It’s hard to believe the tax deadline [1] is already here! If you haven’t already filed, you’re probably in the midst of preparing your taxes, or getting ready to file for a tax extension [2] so make sure to check out some of these great reads [3]!

Once you are done filing, review How Long Do We Really Need to Keep Those Papers? [4] to see how long you need to store your tax documents.


Source: 401(K) 2013 [5]

Finance Reads

Will You Take the New Home Office Tax Deduction for 2013? [6] – An interesting discussion about the home office tax deduction. -CashMoneyLife

5 Tax-Advantaged Accounts You Should Consider Investing In [7] – If your tax bill is high this year, here are a few no-brainers for helping to lower it next year. -Stupid Cents

7 Reasons You Need an Accountant for Your Small Business [8] – Some things to think about for those of you with small businesses. -MoneySmartLife

Financial To Do List for 2013 [9] – While you have all of your tax paperwork out anyway, take care of some of these tasks. -FreeMoneyFinance

Your 401K is Costing You $155,000!?!? [10] – If your 401k is saving you in taxes, make sure it’s not costing you in fees! This is especially important to consider if you haven’t rolled over an old one into a low-fee IRA. -Lazy Man’s Money

States with No Income Tax [11] – Living in a high-tax state, I have definitely thought about the lucky people in these states more than once over the past few months as my tax forms roll in!

E-File Tax Identity Theft Fraud is Exploding: Here is How to Protect Yourself [12] – A great read for anyone who is e-filing (which is probably most people these days)! -20 Something Finance

Roth 401(K) or Traditional 401(K) [13] – A good review of the different tax considerations in choosing a Roth vs. Traditional retirement plan. -The Sun’s Financial Diary

Tax Carnival [14] – Kristen wrote about 7 Ways to Use Your Tax Refund as Parents [15] in the Tax Carnival.