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Wednesday, February 10, 2010

SC Real Estate Tax Break Approved

by taxnick on February 10, 2010

Call it a stimulus plan, South Carolina style.
The state Senate has given key approval to property tax breaks for anyone who buys commercial property or a second home this year.
Such properties would get smaller tax breaks if they change hands after 2010.
The goal is to encourage commercial property sales. The costs would be borne by [...]

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New Tax Law Gives College Students Credit for Textbooks

by taxnick on February 10, 2010

College students strapped for cash are in for a treat this tax season. Under a change in the tax code, the cost of textbooks and course materials are eligible for a tax credit for the first time for students and their families.
The American Opportunity Tax Credit makes textbooks and other course material expenses—including tuition and [...]

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