When filing your taxes, a deduction is an item that lowers your taxable income. Popular income tax deductions include the mortgage interest deduction, student loan interest deduction, and charitable contributions.
If you don’t think about taxes until your company starts earning revenue, you’ve waited too long. While the IRS may not be especially interested in your company until you’ve been funded and have some capital, you need to think about taxes from the outset – to avoid tax trouble down the line, and to save money…
If you are worried about the amount of the taxes you have to pay, you should double check the exact number and the possible deductions you can have. Irs-1040.
com works with experts in taxes, so their professional team can provide great help to you. The only thing you need to do is give them your tax information and then they will tell you with high accuracy the deductions and credits you can access. Some of the possible deductions may come from casualty and theft loss, gift to charity, mortgage interest, job expenses, medical expenses, as well as state and local taxes. Regarding credits the options are: adoption credit, child tax credit, dependent care credit, certain vehicle credit, earned income credit, estimated tax payments, and retirement savings credit, among others. They have an on line software for you to calculate your taxes and define your tax refund. At the website there are links containing refunds, the list of services, etc. 
1098T.com is the Tax Credit Reporting Service website which provides useful information on the Taxpayer Relief Act of 1997.
This act provides education tax incentives for eligible taxpayers, allowing them to reduce their federal income tax based on tuition and fees paid. The site also features information on the Tuition and Fees Deduction for Higher Education Expenses tax deduction. The information contained in this site is there to educate students on the Hope Scholarship and Lifetime Learning Tax Credits and the Tuition and Fees Deduction for Higher Education Expenses in order to help them find out whether or not they qualify for these tax deductions and save them money. The site also provides students attending a participating school the opportunity to view their 1098-T form online and allow them to receive their 1098-T form in electronic format. A frequently asked questions section exists to clarify inquiries regarding the 1098-T form, claiming credit or deductions, and other general questions such as these. 
