So I'm in War On Music the other day, and I am bugging Charley about what the best items at War On Music (for the record Voivod, but that is for the next blog).
Charley at this point is trying to file invoices, and other monetary responsibilities for the store when we get onto a conversation about filing taxes, and to my surprise Charley is not only a tax whiz, he also is a source of great savings on your taxes.
So here pre-empting the TOP 5 BEST ITEMS AT WAR ON MUSIC BLOG, is the
TOP TAX TIPS FROM WAR ON MUSIC - or is this war on taxes?
1. Make Sure You Claim the WORKING INCOME TAX BENEFIT.
This part of the process is on Schedule 6, and even though everyone qualifies for this break the government doesn't prompt you to fill it out, so many miss it. Apparently this can add up to $900 to you rpocket. I cannot say for sure becuase I miss it every year when I do my taxes.
2. Split Rent Claims with Roomates.
There is a cut off of $4500 on what you can claim on your 2011 tax form. This could change next year, but the point is anything over that amount you should put on a room mate's return, becuase anything over that $4500 mark doesn't sdd to your total.
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