2010 Federal Income Tax Brackets & Standard Deduction
Marginal changes from the 2009 tax bracket should make the 2010 Federal Tax Brackets easier to follow and understand; should.
Home » Tax Deductions
You are browsing entries filed in “Tax Deductions”
Expanded Standard Deduction
The expanded standard deductions for your tax calculations will put more money back into your pockets.
Energy Tax Credit
Energy Tax Credit New Credit for the Environment-Friendly Homeowners The U.S. government is coming up with new credits to help the citizens improve their way of living one is the Energy Tax Credit. Actually, this credit is not totally new but was revised for the benefit of the homeowners and the environment. This is meant [...]
Child Tax Credit
Child Tax Credit Revisions and Adjustments The Child Tax Credit is applicable to taxpayers who have a dependent or dependents that is or are living with the taxpayer. The said dependent should be below 17 years of age by the end of the tax year. Child Tax Qualifications There are qualifications and requirements that should [...]
Tax Deductions & Tax Credits
Tax deductions and tax credits mean less tax liability and hopefully a tax refund; learn the truth about tax deductions and tax credits to minimize your tax bill and increase your tax refund.
Personal Exemption Rules
Personal Exemption Rules Taking yourself or someone else as a personal exemption requires certain rules, namely dependency, residency, support and sometimes by court order. General Personal Exemption Rules In order to take yourself as a personal exemption, you must meet certain criteria, namely that you are a taxpayer who may not be legally claimed as [...]
Home Office Tax Deduction
Know the Tax Rules – Get Your Maximum Deduction The Taxpayer Relief Act of 1997 included a modification of the IRS’s definition of “principal place of business” that will permit a larger number of taxpayers to qualify for the home-office deduction. For tax years beginning after 1998, the deduction will be available for home offices [...]
