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Tuesday, January 26, 2010

New Tax Laws Could Mean More Money In Your Pocket

by taxnick on January 26, 2010

Several new tax laws could mean more money in your pocket this year.
“We spend the entire off season studying the new tax law updates and all the things that are coming down the pole,” said Jackson Hewitt Tax Service franchise owner, David Elkins. “It’s really been extended to include more people, to benefit more people [...]

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Get ready to dig a little deeper, Cook County homeowners.
Under a new state law, you’ll be forced to pay slightly more of your property tax bill up front so county agencies, municipalities, school districts and other local governments can improve their bottom lines.
The so-called “accelerated billing” law — which sailed quietly through the General Assembly [...]

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Tax Trivia: Stimulus Checks

by taxnick on January 26, 2010

Our next tax trivia question for the giveaway is:
In 2008, the IRS began releasing rebate checks as part of President Bush’s stimulus package. The original version of the stimulus capped the number of children who could be claimed for purposes of the rebate checks at 3. When the package was finalized, what was the cap [...]

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