When I first started in business, and still worked for “the man,” I learned that record keeping is sexy.

Yea, I know…it doesn’t sound sexy. Truth is, something as simple as a mileage log translates directly into saved money and saved time.

Good records save you money because they make deductions possible (read: pay less tax).

They save you time because having them keeps Uncle Sam…

The first two installments of this series defined deductions and credits, and looked at non-refundable tax credits. And with what we’ve covered so far, it’s easy to see how thoughtful planning, self-improvement and a good accountant can reduce – or even eliminate – your tax bill.

Today, let’s take a closer look at refundable tax credits.

In…

In our last article, we looked at the difference between credits and deductions and showed why credits are better.

We also promised to tell you about nonrefundable tax credits. These credits are useful, but they’re not the best. Stick around for our last article in this series on refundable tax credits that show you how to really put some of Uncle Sam’s money in your pocket…