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2012 Year End Tax Planning
with the Bush-era tax cuts set to expire on December 31, 2012, income tax rates and capital gains taxes set to rise, and a 0.9 percent Hospital Insurance (HI) tax applicable to earnings of self-employed individuals or employee wages in excess of $200,000 ($250,000 if filing jointly) effective January 1, 2013, it might make more sense to accelerate income into 2012 instead of deferring it to 2013. Here are some of the ways you can do this (More...)
Paying Off Debt the Smart Way
Being in debt isn't necessarily a terrible thing. Between mortgages, car loans, credit cards, and student loans, most people are in debt. Being debt-free is a worthwhile goal, but most people need to focus on managing their debt first since it's likely to be there for most of your life. You can pay off debt the smart way, while at the same time saving money to pay it off faster. (More...)
Turn Your Vacation into A Tax Write-off
Learn the tips and tricks on how to turn your vacation into a tax deduction. Find out what is proper and what is pushing things too far.  (More...)
10 Facts About Mortgage Debt Forgiveness
Canceled debt is normally taxable to you, but there are exceptions. One of those exceptions is available to homeowners whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012. (More...)
Tax Changes for 2012
Welcome 2012! As the new year rolls around, it's always a sure bet that there will be changes to the current tax law and 2012 is no different. From health savings accounts to retirement contributions here's a checklist of tax changes to help you plan the year ahead. (More...)
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