Landing Page Internal Page HOME ABOUT US CLIENT LOGIN TAX TOOLS COMMUNITY ACTIVITIES NEWS FINANCIAL GUIDES LINKS BLOG Tax Tips for Finance Search Tax Tips: ► Tax Saving Techniques Some generally recognized financial planning tools that may help you reduce your tax bill. ► Deducting Mortgage Interest If you own a home, you can claim a deduction for the interest paid. To be deductible, the interest you pay must be on a loan secured by your main home or a second home. The loan can be a first or second mortgage, a home improvement loan, or a home equity loan. ► Capital Gains and Losses Almost everything you own and use for personal purposes, pleasure or investment is a capital asset. The IRS says when you sell a capital asset, such as stocks, the difference between the amount you sell it for and your basis, which is usually what you paid for it, is a capital gain or a capital loss. While you must report all capital gains, you may deduct only your capital losses on investment property, not personal property. ► Coverdell Savings Accounts A Coverdell Education Savings Account (ESA) is a savings account created as an incentive to help parents and students save for education expenses. ► IRA Contributions If you haven't contributed funds to an Individual Retirement Arrangement (IRA) for last tax year, or if you've put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April 15 due date for filing your tax return for last year, not including extensions. ► ROTH IRA Contributions Confused about whether you can contribute to a Roth IRA? The IRS suggests checking these simple rules. Client Login Login © 2016 Cannon & Company, L.L.P. All Rights Reserved. Information By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year. Important Links Home About Us Services Client Login News Featured Services Client Login Log-in & review. Services What we do. Contact Get in touch. Contact Us (336) 725-0635 (336) 725-0630 Email Us