Archive for 'Income Taxes'
Forms of Business Ownership
Posted on15. Dec, 2008 by Terry.
Tax law changes are pretty boring stuff, so I thought I would post some information on different forms or types of business ownership. This is an area that many people make mistakes in that can cost them money in many different ways. People usually start a business and then decide to change the type of [...]
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Tax Credit to First-Time Homebuyers
Posted on10. Dec, 2008 by Terry.
One large change this year is a Tax Credit to aid first-time housebuyers. It’s rather complicated, but it could help some individuals. It’s basically an interest-free loan that must be repaid over a 15 year period. This tax credit is available for a limited time only. 1. Applies to home purchases after April 8, 2008, [...]
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More Changes for 2008
Posted on08. 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 [...]
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Some Basic Changes For 2008 Income Tax
Posted on05. 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 [...]
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My First Blog !!
Posted on06. Nov, 2008 by Terry.
Today I am writing my first Blog!! My son has about three blogs and I’ve been contemplating a Blog about Income Taxes for some time. We recently asked my son Kenny to help us out and I think I have the hang of it. I want to keep the content low key, but I want [...]
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