News
Payroll Tax Exemption - HIRE ACT 2010
President Obama has signed into law the Hiring Incentives to Restore Employment (HIRE) Act, which is focused on accelerating the hiring... Read More
Long-Term Capital Gains and Divideds
For 2009, the maximum tax rate on long-term capital gains and qualified dividend income remains at 15%. For taxpayers in... Read More
Tax Exclusion of the Sale of a Principal Residence
When you sell your principal residence, you can exclude from income up to $250,000 in gains ($500,000 if married filing... Read More
Money Back for NEW Vehicle Purchases
Taxpayers who buy certain NEW vehicles after February 16, 2009 and before January 1, 2010 may deduct the state and... Read More
Unemployment Benefits
The first $2,400 of unemploymnt benefits an individual receives in 2009 are tax free. Normally, unemployment benefits are taxable. Read More
Work Opportunity Tax Credit
For many years, federal tax law has provided employers with a tax credit for hiring disadvantaged workers. The Work Opportunity... Read More
Education Credits
Educational Credits In 2009 and 2010 there are three different educational credits: American opportunity credit (AOC), Hope credit (for Midwestern... Read More
Energy Credits
Energy Efficiency and Renewable Energy Incentives Improving the energy efficiency of your home may reduce your taxes! Energy tax credits... Read More