Archive for 'Tax Changes'
A New Year!!
Posted on07. Jan, 2010 by Terry.
We welcome in the New Year with a new name and a new business. As I mentioned in my last blog, last year was horrible and we just had some terrible software problems and banking problems. We requested, and were released from our franchise agreement and we have now started our business over under the [...]
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Another Tax Change
Posted on13. Jan, 2009 by Terry.
Another Tax change that I failed to mention in previous posts is the one pertaining to property tax. If you have enough itemized deductions to file a Schedule A, you can claim property taxes paid on your property. However, many people may have purchased their home in the latter part of the year, or the [...]
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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, and before [...]
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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 income workers [...]
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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 entities, [...]
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