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6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

“Can a dead person deduct medical expenses?” “Can The Retirement Saver’s Credit is one of the most frequently overlooked tax breaks, and it can be worth up to $1,000 for single filers and $2,000 for married couples filing jointly,” she says. Can I claim my pet as a dependent? What about my au pair?” 223(d)(2)(D).

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Filing system technique

Clutter Coach

by Using a pre-made file system can be a great idea, but only if you buy into it completely. Systems in general, filing and other, often have lots of moving parts that need to mesh together so if you leave one out because you don’t really like it, the system will eventually break. Don’t make it too narrow and specific.

Filing 100
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Preparing to Move Overseas? Read This First

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As soon as you move abroad , you’re in charge of paying for your medical expenses, as your United States health insurance won’t let you submit any assertions, says Elena Jones, a personal finance expert at FinanceJar. medical insurance may only provide minimal coverage for urgent situations outside the country. You have to file U.S.

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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. For example, the Equal Employment Opportunity Commission (EEOC) requires that employers must keep personnel records for one year. Why is that?

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Employee Records: End of year review & preparing for next year

BMT Office Administration

If you aren’t part of HR or are new to the department, you may not know which employment records you need to keep on file. After all, the US Department of Labor has some stringent requirements for employee files, including some federal laws. Confidential employee files. These files include: Worker’s compensation claims.

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Who’s Stuck With The Bill?

Allwork

You’ll also most likely need some office stationary like files, paper, pens and staplers. Then there are other more peripheral costs associated with working remotely that also need to be considered; you may need to take out your own medical insurance cover for remote workers if you’re not on your employers’ plan.

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Do I Need to Buy Life Insurance?

Success

In addition to the length and amount of the policy affecting the cost, finalizing a life insurance quote may require a medical exam before the policy can be underwritten and implemented. While people with small children are often the classic example of people who need life insurance, others may want to consider buying a policy.

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