Written on January 10, 2013. To help boost the distressed housing market, Congress created a tax deduction for private mortgage insurance back in 2007. The tax break has since been extended through 2013, for mortgages […] Read more »
The Mortgage Forgiveness Debt Relief Act Extended
On January 3rd, 2013 President Obama signed the American Taxpayer Relief Act of 2012. One of the many items within the bill is the “Extension of Exclusion from Gross Income of Discharge of Qualified Principal Residence […] Read more »
Highlights of the American Taxpayer Relief Act of 2012
I’ve highlighted below the “permanent” and temporary changes that are a part of the American Taxpayer Relief Act of 2012 that was signed into law by President Obama on January 2nd, 2013. Obviously, there is much more to this […] Read more »
Fiscal Cliff Deal Raises Taxes for Most Americans
Below is a chart that breaks down the average tax increase that Americans are facing due to the Fiscal Cliff Deal. For most people, the ending of the payroll tax break is the reason for most of the increase. […] Read more »
2012 Tax Year: Filing Information
Written on January 7, 2013. 2012 Tax Filing Information for Individuals Here’s what individuals and families need to know about tax changes for 2012. Personal Exemptions The personal and dependent exemption for tax year 2012 is […] Read more »
Here’s to 2012
Written on December 29, 2012. Although the following video is an advertisement for Google, I believe it does a great job of highlighting many of the national/international events of 2012. Read more »
Sarah Kay Poem
Here’s a great video I found a while back. I’ve personally only watched the first 4 minutes of this video, so I can’t comment on what is spoken beyond that. I do encourage everyone to watch the first 4 […] Read more »
Year-End Donation Reminders
Written on December 22, 2012. Year-End Donation Reminders I received an email the other day from a client who wanted to know the tax laws for year-end dontations. Specifically, she wanted to know if a […] Read more »
Gift Giving and Tax Deductions
Do you spend more money this month than usual? I know I do…or at lease my “household” does! If part of your spending is giving extra to charities, churches, and events, here are some tax […] Read more »
Understanding the 3.8% Real Estate Tax
Written on December 10, 2012. You may or may not have heard, but included in the new health care bill is a 3.8% tax on some real estate transactions beginning January 1, 2013. There have been […] Read more »