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Monday, November 10, 2008

Tax Exemption Numbers

by taxnick on November 10, 2008

Make sure to get your maximum refund. Why should the IRS get to keep a penny of your money?
For 2007, you got to take off as much as $3,400 from your income for each qualified exemption you have, up from $3,300 in 2006. (The level rises to $3,500 in 2008.) Despite myths to the contrary, [...]

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Get and Stay Informed About Current and New Tax Laws

by taxnick on November 10, 2008

Have you been following all the changes the U.S. tax code has seen this decade? How about the tax bill passed late last year that expanded breaks for families facing the alternative minimum tax? Got a kid in college? Have you used the “Tuition and Fees” deduction that lets you deduct as much as $4,000 [...]

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