Year-End Tax Considerations
For many investors, 2008 will be a year to forget: With all three major indexes down close to 40% this year, investors are left nowhere to hide. However, if you suffered big losses from your investments in 2008, there are tax moves that you can take to ease the pain.
Early this month, I read an [...]
0% Long-Term Capital Gain Tax from 2008 to 2010 for Some Investors
The tax season is coming soon and it’s about time to consider some tax strategies as 2008 quickly draws to a conclusion. With stock markets got hammered so badly this year, there are some moves you can make to take advantage of the current situation while preparing yourself for a rebound in the stock markets [...]
It’s Not Easy to Live in New Jersey
tax wise.
Sure, we enjoy full service at the pump while paying probably the lowest gas price in the nation, but other than that, there isn’t much for us to cheer about.
New Jersey is notorious for its high property taxes (see how many NJ counties are paying the highest property taxes) because, among many other reasons, [...]
So This is What Happened to Our Stimulus Payment
When we received our economic stimulus payment of $201.10 last Friday, we didn’t know what went wrong because the note from IRS said we should get $383.95, and I was actually expecting another check.
Now, a week later, I guess I can forget about another check and the reason for the reduced payment is my own [...]
Random News: Tax Rebate Check, $900 Gold, and Falling Interest Rates
Politicians in Washington acted pretty quickly this time to hammer out a stimulus package with tax rebates, for both individuals and businesses, as the center piece. According to the tentative deal announced today:
Most individuals who pay income taxes would get $600; working couples would receive $1,200. Workers who make at least $3,000 but don’t pay [...]
Nation’s Top 10 Places with Heaviest Income Tax Burdens
Paying too much income taxes?
When it comes to income taxes, not just how much you earn matters, your location also plays a role, a big role. So instead of trying to squeeze a few bucks from various deductions, you may want to consider relocation if you are living in one of the cities in [...]
13 Most Overlooked Tax Deductions
A Kiplinger article, “The 13 Most Overlooked Tax Deductions,” gives a list of 13 deductions that we usually forget when filling our tax returns. Among The Unlucky 13 items, I found No. 12, Reinvested dividends, is one that I never heard of. I sold some mutual funds in the past and simply used the difference [...]
