Get Your FREE Tax Deduction eBook And Start Saving Today!

During these hard economic times, many Americans are finding it increasingly difficult to afford the simple necessities of life, let alone pay their their taxes!

That is why I have created a useful little eBook called:

Tax Deductions for a Prosperous You: Simple Tips to Help You Save During Hard Economic Times

In it you'll learn Great little things like:

• The mind-set that has helped thousands of people save on their yearly taxes



• Amazing tax deductions for home owners, small business owners, and the self-employed!



• Useful little tidbits for charity givers!



• What tax tool will help you save $100's even thousands this tax season!



• The 2008 Tax Brackets



• And other handy Tax Deduction Tips that will really help you out!

"Sign-Up Now And Start Saving $100's With Your FREE Tax Deduction eBook!"
First Name:
Primary Email:
We will NOT rent, trade, or release your information to any third party. We respect YOUR email privacy and hate spam!

2009 Tax Brackets, Tax Deductions, and Super Effective Money Saving Tips – Simple Ways to Smart Abundant Savings

It’s that time of the year again—tax time. Every year millions of Americans overpay on their annual income tax. This creates undue stress and frustration for many individuals and families alike. In this article you’ll find the 2009 tax brackets, unique tax deductions, and super powerful money saving tips—all designed to help you save when it comes to paying your annual taxes and living a prosperous life.

Here in the United States, we have what's called the Graduated Income Tax System where individual taxpayers will determine how much their estimated income tax is based on their annual income and how they choose to file—single, married filing separately, married filing jointly, and head of household. This information will help you to determine which tax bracket applies to you. The 2009 tax brackets are show below:

Single

$0 - $8,350 --- 10%
$8,350 - $33,950 --- 15%
$33,950 - $82,250 --- 25%
$82,250 - $171,550 --- 28%
$171,550 - $372,950 --- 33%
More than $372,950 --- 35%

Married Filing Separately

$0 - $8,350 --- 10%
$8,350 - $33,950 --- 15%
$33,950 - $68,525 --- 25%
$68,525 - $104,425 --- 28%
$104,425 - $186,475 --- 33%
More than $186,475 --- 35%

Married Filing Jointly

$0 - $16,700 --- 10%
$16,700 - $67,900 --- 15%
$67,900- $137,050 --- 25%
$137,050 - $208,850 --- 28%
$208,850 - $372,950 --- 33%
More than $372,950 --- 35%

Head of Household

$0 - $11,950 --- 10%
$11,950 - $45,500 --- 15%
$45,500 - $117,450 --- 25%
$117,450 - $190,200 --- 28%
$190,200 - $372,950 --- 33%
More than $372,950 --- 35%

Note: Please consult your tax adviser for more information about the 2009 tax brackets.

Tip # 1: The Mindset

Obtaining, maintaining, and implementing the proper mindset when it comes to saving money is just like building a structurally sound foundation when it comes to building a house. If the foundation is structurally compromised, the house will not stand. Likewise, if you don’t obtain and apply the proper “mindset” when it comes to saving money, you could end up being financially compromised—deep in debt, losing your home, or worse, having no savings and living paycheck to paycheck with no end in sight. Lucky for you, help has arrived!

The proper mindset can be applied in a few simple steps:

Step One: Your Unique Saving Opportunities

Everywhere you go, all around you, there are unique saving opportunities. These opportunities are only presented to those who have truly opened their eyes and who dare to question the negative status quo that has so fully engulfed our society. The simple sad truth is that many people have been conditioned to believe that we have lost our ability to bargain. But rather than discussing the problem, let’s talk about how we can solve it.

It all begins by paying attention to your unique saving opportunities that are specific to you, and then to apply a few simple ideas. Here are a few things you can do to challenge the status quo and appeal to your inner saver:

“Is That The Best You Can Do?”

Next time you make a purchase, simply ask the seller, “is this the best price you can give me?” These simple little words can work wonders! And if the seller won’t budge, ask for a discount or tell him you’re going to his competitor. It’s time to negotiate!

RetailMeNot.com

This neat website, and others like it, are chock-full of great coupons and discount codes you can use to save money. RetailMeNot.com even has a section under “printable coupons” where you can actually enter your zip code and it will automatically search for coupons in your local area—amazing!

Internet Research

The internet is the ultimate consumer saver tool. All you have to do is perform a quick search for “cheap, discount, low cost __(product name)__” and you’ll be surprised at what you can find.

Step Two: Set a Budget

One of the most important aspects of saving money is to set a budget and track your expenses. An easy way to do this is to simply grab a sheet of blank paper or open up Microsoft Excel, or a similar program, on your home computer and list your expenses. After you’ve listed your expenses, put them into categories and then set a budget by going through each expense, looking for ways to cut back on unnecessary expenditures.

Step Three: Return and Report

After you’ve set your budget, make sure you track it and report and record how you did at the end of each and every month. This requires a little self control, but don’t forget to have faith in yourself. You can do it! If you need a little help, you can always establish a reward and consequence for keeping or not keeping within your budget. Follow this simple system, and make wise investments, and you’ll be surprised at how much your savings will grow.

Tip # 2: Unique Savings with Your Taxes

Now that you know what the mindset is, and how to apply it, here are a few ways of incorporating it with your taxes. There are many examples of this, but here are three that will do you well:

Children Under the Age of 17

Did you know that if you have a child that's under the age of seventeen the government gives you $1,000 per child. That can really add up.

Charitable Donations

If you have a favorite charity you're always contribution to, it can mean a big tax deduction for you. You can even write-off your tithing; so if you pay tithing to your church, put a smile on because this will save you money.

Home Business Expenses

Most of the expenses you incur while running a home business are tax deductable. Things like business stationery–pens, paper, printer ink, etc; phone lines, internet connection service charges, utility expenses, gasoline used for business, client meals, etc can be deductible. Don’t forget to keep good records, because it makes it much easier to look back at these expenses and claim the deductions.

Tip # 3: Use the Right Tools

This is probably one of the most useful tips you can use to help you save money and time. There are many programs out there that will assist you in establishing goals, tracking your budget, filing your taxes, and so much more. Here are two that I really like:

Mint.com – Free online budgeting software

TurboTax.com – #1-rated and easy to use online tax filing software

I hope this article has helped you to gain a clear vision of what is possible when you step out of the box and take a look around at the saving opportunities that are all around you. As they say, the ball is in your court now. What are you going to do? Jump back in the box and close the lid tight or start saving with your unique saving, and tax deduction, opportunities.

If you’re looking to file your taxes with an easy to use, step-by-step system, I recommend using the #1-rated tax filing software—TurboTax. You can even use their FREE efile to get your refund fast!

Using The Right Tools

Time is money no matter how you look at it and that is why it is very important to use the right tools. Having the right tools can also help you save big on your taxes. They can help you if you have investments such as stocks, bonds, mutual funds, rental properties, etc. So, remember the importance of equipping yourself with the right tools.

The Mind-Set

This is the basic key to successes in life, and it is no different with our taxes. Just think about it for a while, let’s do some brainstorming and see what we can come up with. First of all did you know that you can write-off a lot of your yearly expenses?

For example, let’s say that you own a home business and spend an average of 45 minutes a day running it. Well, you can easily save 100 dollars a week or more on your taxes.

Another great example, let’s say you’re a private contractor who drives a lot. Did you know you can write that gas expense off! This can really help; especially sense gas is at an all time high. The possibilities are endless and all it takes is the right mind-set and a little brainstorming.

Are You Using it?

One of the major tax tips the average person needs to know is that of deducting the interest on your home mortgage. This might be the obvious tip in the book, but you would be surprised to know that some people forget to do it. So, remember this one tip can really help out.

Tax Rebate Information

Looking forward to getting a tax rebate from the government this year? The IRS estimates that more than 130 million Americans will benefit from an income tax rebate this year.

Below are the five things you should know about the government tax rebates:

• To receive your tax rebate you must file your 2007 tax return
• Your economic stimulus tax rebate is based on your 2007 income and how many children you have.
• Most individual taxpayers will get $600.
• Most married couples will get $1,200.
• Plus, most taxpayers will receive an additional $300 per child.

Remember, you must file your Federal Tax Return to get your rebate.

What To Do With The Money I Saved On My Taxes?

Ok, this is a question I’m sure we all have asked. And it is one that can potentially help you gain the financial freedom you deserve.

1st Step - Endow yourself with the mind-set of freedom. What do I mean by that? Well, you need to decide today that you will be wealthy. No really tell yourself that everyday when you get out of bed, or maybe by putting a post-it note on the mirror in your bathroom. This is your foundation, the secret of attraction and power of mind.

2nd Step – ACT! Instead of spending the money you saved on your taxes this year, invest it! There are many, many great investments that you can get involved in. Perishes metals, stocks, mutual funds, insurance, small business, etc. The trick is to do your research and find one that fits you. Oh, and don’t forget to pay attention to your unique investment opportunities that surround you each and every day. Open your eyes their out there.

I hope this has answered in some way the question of what to do with the money you’ve saved on your taxes. Now all you have to do is ACT, and let your money work for you. I am always posting new tips. So, please come back later and learn to earn!