JK Harris | September 14, 2009
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WASHINGTON — In support of the Administration’s efforts to promote access to and the affordability of college education, the Internal Revenue Service today launched a new Web section highlighting various tax breaks and 529 plan changes designed to help parents and students pay for college.
The new [...]
Category: Tax Tips |
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Tags: American Recovery and Reinvestment Act (ARRA), college credit, Tax Benefits for Education, Tax Tip
JK Harris | September 14, 2009
Special Edition Tax Tip 2009-07
Working taxpayers may be eligible for the Making Work Pay tax credit, a significant tax provision of the American Recovery and Reinvestment Act of 2009. This tax credit means more take-home pay for millions of American workers. Here are five things the IRS wants every taxpayer to know about the Making [...]
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Tags: Making Work Pay tax credit, Tax Tip
JK Harris | September 1, 2009
WASHINGTON — Time is running out for many small businesses wishing to take advantage of the expanded business loss carryback option included in this year’s recovery law, the Internal Revenue Service said today. Eligible individuals have until Oct. 15 to choose this expanded carryback option. Eligible calendar-year corporations have until Sept. 15.
This carryback provision offers [...]
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Tags: Fall Filing Deadline, Tax Tip
JK Harris | September 1, 2009
Summertime Tax Tip 2009-21
Every year, millions of taxpayers itemize their deductions on their federal tax return. One of the most common itemized deductions is a donation made to a charitable organization.
Here are the top ten things the IRS wants every taxpayer to know before deducting charitable donations.
1. Charitable contributions must be made to qualified organizations [...]
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Tags: Charitable Contributions, Charitable Donations, Tax Tip