2009 Inflation Adjustments Widen Tax Brackets and Expand Tax Benefits
For 2009, personal exemptions and standard deductions will rise and tax brackets will widen because of inflation adjustments announced today by the Internal Revenue Service. By law, the dollar amounts...
View ArticleNew Tax Law Changes Can Help Millions of Taxpayers Save Money
As we near the final days of 2008, what continues to weigh heavy on the minds of many people is the slowing U.S. economy — unemployment has reached the highest percentage in years at 6.7 percent*,...
View ArticleSome Possible Tax Breaks for the Unemployed
If you’re unemployed, your tax bill will probably decline: Deduction for medical expenses. Co-payments, deductibles and other unreimbursed medical expenses are deductible only if they exceed 7.5% of...
View ArticleNew Tax Law Exempts Disables Veterans
Disabled military veterans may be eligible to for more tax relief under a bill passed by the Texas Legislature. House Bill 3613 provides an exemption of the total appraised value of homesteads for...
View Article
