The American Taxpayer Relief Act of 2012 extended some popular tax deductions, credits and other breaks for homeowners through 2013. Here are the details of the extended tax breaks.
Here are three tax reduction strategies you may want to consider before the end of the year.
Last year, I was in danger of moving up a tax bracket. We were pretty close to the line between the two, and the accountant recommended that we open an IRA in order to, perhaps, drop us down a tax bracket. We already had a Roth IRA, but the contributions to a Roth IRA aren’t […]
I have been getting a lot of questions lately about the new car sales tax deduction that people can claim for cars bought in 2009. A lot of people are getting ready to do their taxes, and they’re wondering if they qualify for the tax deduction. In the interest of answering some of the most […]
A while back I posted about the sales tax deduction on new car sales that was included in Obama’s 2009 Economic Stimulus package. Basically the provision in the bill gives every taxpayer who buys a new (not used) car after Feb. 16, 2009 the ability to claim a deduction on their 2009 income tax for […]