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June 04 2011

Federal Personal Income Tax Exemptions

Federal Personal Income Tax ExemptionsThe personal income tax is a tax that is intended to make those with higher incomes pay the amount of tax that they should to even out the tax liability for everyone else. It also tries to exempt the poor completely from having to pay personal income tax.FICA RateHow you claim your exemptions will depend on how you file your return.

June 03 2011

Income Tax: Barack Obamas Plan

Here are some of the details of President-elect Obama's tax plan and how they may affect you:Income Tax RatesThe target is to maintain current rates in the 10-28% brackets of most Americans. For earners in higher brackets, Obama has proposed a 3-4% increase. This may be delayed because of the weak economy.

June 01 2011

Your Tax Refund OnlineHow to Check the Status of it

So, you were pleasantly surprised to learn that you are getting a refund on your taxes. Congratulations! The question for most taxpayers expecting a return is, "Where is my refund?"Tax Relief - Gifts Reduce Inherited Estate TaxesCheck Your Refund Status OnlineThe easiest way to check on your refund is to ask the IRS through IRS.gov.

May 30 2011

Alternative Fuel Tax Break

Alternative Fuel Tax Credit:Maybe you've heard about some of the other eco minded credits that are available. There are many for improving the efficiency and cleanliness of your home, and as you may or may not know, there are also many federal incentives concerning automobiles. Specifically, hybrid and alternative fuel vehicles.
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