Tax Tips: Week 2

We have our first winner in the PFStock Tax Tips Giveaway 2011. "Fangirl Jen" will be receiving free H&R Block At Home Online Tax Preparation. If you haven't entered, please do so as soon as you can. Non-winning entries will be carried over to the next drawing. You only need to enter once to be included in all 4 remaining drawings.

Here are some of the tax tips that I've received so far:

• Bloggers should keep track of all expenses throughout the year whether it is for mailing books for giveaways or hosting fees.
• Contact your local libraries, chamber of commerce, or city officials, to find out which agencies offer free tax filing for low-income families.
• I'm just anxious to get this done. Get your taxes done early so you don't get stressed about it come April 15.
• I came to realize the tax I paid on my car last year was tax deductible. Check for all the credits!
• I have added extra to my payroll deductions in order to make sure that I don't owe any additional taxes.
• Read PFStock and other personal finance blogs. (I think that this contributor has his own personal finance blog.)

I'm going to add my own tax tip here: Buy a copy of J.K. Lasser's Your Income Tax or the Ernst & Young Tax Guide to help with understanding tax laws and with preparing your taxes. Better yet, check out a copy of either one from your local library for free.



Please keep your tax tips coming, and good luck to everybody who enters. This contest will run through February 11, with a new drawing every week until then.

PFS