Posts Tagged ‘Itemized Deductions’


4 Year-End Tax Planning Steps for Connecticut Taxpayers to Save Money

money

 

 

 

The year-end will be here soon.  Here are 4 year-end tax planning steps for Connecticut taxpayers:

 


6 Proven Reasons to Make a Charitable Donation from Your IRA to Save Money

The American Taxpayer Relief Act of 2012 has temporarily extended the ability of certain taxpayers to make charitable donations from their IRA.

The Basics

Charitably inclined taxpayers over age 70 1/2 can donate up to $100,000 per year from their IRA to a qualified charity.  This is known as a Qualified Charitable Distribution. The donation must be made directly from the IRA to the qualified charity.


A Summary of the American Taxpayer Relief Act of 2012

 

The Federal Government avoided the Fiscal Cliff...Well, for now any way.

 

At the very last minute they passed the American Taxpayer Relief Act of 2012.  Here are some of the highlights:

 

 Income, Capital Gains and Qualifying Dividends Tax


Why the Fiscal Cliff is Fiscally Irresponsible

 

The Federal Government and the country are set to go off the Fiscal Cliff on New Year’s Day.

 

The term Fiscal Cliff refers to number of laws that if they remain unchanged, could result in significant tax increases and spending cuts.

 


8 Reasons You Will Pay More Taxes in 2013…Guaranteed

 

1) Increase in Ordinary Income Tax Rates

The highest ordinary income tax rate is 35%.  This is scheduled to go up to 39.6%

 


Web Statistics