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East Aurora Chamber of Commerce Plans an Event-filled Year

East Aurora Chamber of Commerce Plans an Event-filled Year

 

The Greater East Aurora Chamber of Commerce has several business and family friendly events scheduled throughout 2015, including a new health-focused event that will take place June 20 at the village’s Healthy Zone Ice Rink. Founded in 1945, the chamber represents 500-plus members in East Aurora and surrounding communities.

Kicking off the fun is the new Health Live — Jump Into the Healthy Zone event slated from 10 a.m. to 4 p.m. Saturday, June 20, at the ice rink. An interactive family wellness event, Health Live will feature local health, wellness, fitness and beauty businesses and organizations, a wide variety of activities for all ages, and an inflatable obstacle course!

Top Six Tips about the Home Office Deduction

 

If you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify you can claim the deduction whether you rent or own your home. If you qualify for the deduction you may use either the simplified method or the regular method to claim your deduction. Here are six tips that you should know about the home office deduction.

1. Regular and Exclusive Use. As a general rule, you must use a part of your home regularly and exclusively for business purposes. The part of your home used for business must also be:

Cut Taxes and Save on Energy Bills with Home Energy Credits

 

You can reduce your taxes and save on your energy bills with certain home improvements.  Here are some key facts that you should know about home energy tax credits:

Non-Business Energy Property Credit

Education Tax Credits: Two Benefits to Help You Pay for College

 

Did you pay for college in 2014? If you did it can mean tax savings on your federal tax return. There are two education credits that can help you with the cost of higher education. The credits may reduce the amount of tax you owe on your tax return. Here are some important facts you should know about education tax credits.

American Opportunity Tax Credit:

Claiming a Tax Deduction for Medical and Dental Expenses

 

Your medical expenses may save you money at tax time, but a few key rules apply. Here are some tax tips to help you determine if you can claim a tax deduction:

Ten Facts That You Should Know about Capital Gains and Losses

 

When you sell a capital asset the sale results in a capital gain or loss. A capital asset includes most property you own for personal use or own as an investment. Here are 10 facts that you should know about capital gains and losses:

1. Capital Assets.  Capital assets include property such as your home or car, as well as investment property, such as stocks and bonds.

2. Gains and Losses.  A capital gain or loss is the difference between your basis and the amount you get when you sell an asset. Your basis is usually what you paid for the asset.

Social Security Benefits and Your Taxes

 

If you receive Social Security benefits, you may have to pay federal income tax on part of your benefits. These IRS tips will help you determine whether or not you need to pay taxes on your benefits. They also explain the best way to file your tax return.

Form SSA-1099.  If you received Social Security in 2014, you should receive a Form SSA-1099, Social Security Benefit Statement, showing the amount of your benefits.

Only Social Security.  If Social Security was your only income in 2014, your benefits may not be taxable. You also may not need to file a federal income tax return. If you get income from other sources you may have to pay taxes on some of your benefits.