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The government finally passed the American Taxpayer Relief Act of 2012 at the last minute. So, we have avoided the Fiscal Cliff…for now. Now it’s time to file your 2012 tax return. Or is it? Here are…
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…
The New Year’s celebrations are over. The New Year’s Resolutions are starting. We’ll see how long they last. Many people feel income taxes are going up. I’m confident they are for the higher income earners.
The New Year’s celebrations are over. It’s on to 2013. Will this be unlucky 2013 for taxpayers? We wrote earlier how there are 8 Reasons You Will Pay More Taxes in 2013…Guaranteed. We also pointed out Why the Fiscal…
Under current federal estate tax law there is an exclusion up to $5.12 million in 2012. Taxable estates above this amount are taxed at 35%. This exclusion is scheduled to decrease to $1 million beginning in 2013. The tax rate…
