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Tax Freedom Day for the country was on April 18, 2013. This is the day when, on average, taxpayers have paid all of their taxes for the year and now begin to keep what they earn. Tax Freedom Day…
Mortgage Interest—Many taxpayers can deduct their mortgage interest on their residence. However, there is a limitation on this. The interest on a primary residence can only be deducted on up to $1,000,000 mortgage and $100,000 line of credit. Points paid…
According to the Tax Foundation, Tax Freedom Day this year is April 12, 2011. This is the day you stop working for the government and start working for yourself. This includes federal, state and local taxes. Unfortunately this is three…
Business owners in Connecticut must file their 2010 personal property tax declaration by November 1, 2010. This declaration is due at the town assessor’s office in each town where personal property is located. The penalty for late filing is 25%…
The first half of the year is in the books. It’s time to take a look at your withholding and estimated tax payments. Why is this important? To avoid any potential penalty for underpayment of estimated taxes.
