This is not so much a personal finance post but rather a rant about those ridiculous people in Washington which will eventually affect every reader’s wallet. I am not sure where I heard it first but it seems that some smart people in Washington think nowis the time to increase the federally imposed tax on each gallon…
I was on the IRS’ website today for a different research project (something associated with 403(b)s and the final reguations which become effective Jan 1, 2009 – if there is any interest in this info let me know and I”ll do a post) and I came along some great useful information for almost everyone. The…
I know the title may be a tad dramatic, but I read an article from The Economist where the Author makes note that the deficit had been reduced (from 2004 to 2007) by, at least in part, due to the increase in income taxes from the wealthy getting wealthier in this country. Take a moment…
I know we are far from the cultural event known as “tax season” but today, I came across a great tax deduction I had no idea about. A Planner came to me today and asked, quite succinctly, Are Nursing Home Expenses Tax Deductible? I started with my normal logical reasoning, they are medical expenses but…
I think a vital area of personal finance blogging is the explanation of tax issues. I recently wrote an article titled, “Simple Explanation of Estate Taxes” was chosen for the Tax Carnival #41: TaxoberFest 2008. The whole Carnival hosted here by Don’t Mess with Taxes is a ridiuclous amount of information on taxes, if you…
I think everyone is somewhat familiar with the idea that when they sell their primary residence (stock in a co-operative housing corporation (co-op) can also receive an exclusion if you meet the tests) they do not have to pay all the capital gains, so like my other posts, I wanted to explain (in English) what and…
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