A Quick look at the new tax changes. What does that mean to you!

Posted by on Jan 12, 2013 in Tax Planning and Preparation | 0 comments

Here are the major tax highlights:    • Bush-era income tax rates (10%, 15, 25, 28, 33 and 35% for each income bracket) will be the “permanent” law of the land (whatever permanent means to Congress!) for single filers making less than $400K and married’s filing jointly making less than $450K.    • Capital gains and […]

Read More

2009 Year End Tax Tips- Medical Expenses

Posted by on Dec 8, 2009 in General, Tax Planning and Preparation | 0 comments

Image via Wikipedia Medical Expenses Typically, you may not qualify for medical deductions on your tax return.  Reason:   You’re entitled to a deduction only to the extent your unreimbursed medical and dental expenses for the year exceed 7.5% of your AGI. Year-end strategy: If you are near the 7.5% mark—or already over it—schedule nonemergency medical […]

Read More