More Changes for 2008
Posted on 08. Dec, 2008 by Terry.
Here are some additional changes for the 2008 Tax Year. Tax-bracket thresholds increase for each filing status. For a married couple filing a joint return, for example, the taxable-income threshold separating the 15% bracket from the 25% bracket is $65,100, up from $63,700 in 2007. The maximum earned income tax credit for low and moderate [...]
Continue Reading
Some Basic Changes For 2008 Income Tax
Posted on 05. Dec, 2008 by Terry.
Well, I’m back from my Thanksgiving trip to the mountains and atempting to get ready for the upcoming Tax Season. I’m going to do a series of posts on tax changes that will affect your Income Tax Return for this year and then I will do a series of posts on different types of business [...]
Continue Reading
Bad Day At The Tax Office
Posted on 25. Nov, 2008 by Terry.
Well, here I am making excuses again. Today was the most frustrating day I’ve had in months. None of the software in our office worked today and I’ve been pulling my hair out all day. We are leaving tomorrow for a mountain cabin in North Carolina and we will not have internet and we will [...]
Continue Reading
2008 Mileage Rate Changes
Posted on 24. Nov, 2008 by Terry.
Because the cost of gasoline was so high during 2008, the IRS has increased the amount you can write off for mileage this year. The standard mileage rate for business use of your vehicle this year will be: 50.5 cents per mile for the period 1 Jan 2008 – 30 June 2008. 58.5 cents per [...]
Continue Reading
Back In Town
Posted on 22. Nov, 2008 by Terry.
I made a couple of posts and then we had our Annual Franchise Meeting in Las Vegas. We were out of town for eight days and just recently got back to Valdosta. I had planned on posting while we were gone, but just didn’t make it. Too many activities in Vegas and we also did [...]
Continue Reading
