The Obama administration is exploring a temporary tax cut for employers on their payroll tax obligations.

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Deciding whether to open an IRA or  a Roth IRA is a major decision with potentially large financial consequences. Both forms of the IRA are great ways to save for retirement, although each offers different advantages and rules.  more…

1.  Know Your Tax Bracket
This is where every taxpayer needs to start.  What is your tax bracket?  If you don't know this number, just pull out your tax return from last year.  Look at the taxable income and look up the rate that is located in the tax tables. This will help you when looking at realizing capital gains or losses, exercising and selling stock options, or dealing with the Alternative Minimum Tax. more…

With year-end near, many people are considering making their annual donations to their favorite charity.  A tax smart way to do this is to gift appreciated assets. more…