Tips for saving money on gas
Although gas prices have declined in recent months, inflation isn’t dead. In fact, history suggests that over time gas pricesRead more.
Omnibus Transportation Employee Testing Act of 1991
The Omnibus Transportation Employee Testing Act of 1991 requires drug and alcohol testing of safety-sensitive transportation employees in aviation, trucking,Read more.
Plug-In Electric Vehicle Credit (IRC 30 and IRC 30D)
Qualified Plug-in Electric Drive Motor Vehicles (IRC 30D) Internal Revenue Code Section 30D provides a credit for Qualified Plug-in ElectricRead more.
How to Choose a Tax Return Preparer and Avoid Preparer Fraud
Taxpayers who decide they need assistance when preparing a tax return should choose a tax preparer with care and caution.Read more.
Benefit from Roth “ordering rules”
For the first time ever, taxpayers can convert a traditional IRA to a Roth, regardless of their annual income. Previously,Read more.
Roth IRA conversion in 2010
The buzz about Roth IRA conversions is getting louder. And why not: For the first time ever, higher-income taxpayers canRead more.
Standard Deduction Increased
The standard deduction for people who do not itemize their deductions on Schedule A (Form 1040) is, in most cases,Read more.
COBRA subsidies extended
The COBRA subsidy program was scheduled to expire on Dec. 31, 2009. But a late reprieve from the government keepsRead more.
Special Limitation Period for Retroactively Excluding Military Retirement Pay
If you retire from the armed services based on years of service and are later given a retroactive service-connected disabilityRead more.
Residential Energy Credits
2009 Nonbusiness energy property credit. This credit, which expired after 2007, has been reinstated. You may be able to claimRead more.
New homebuyer credit rules
The “first-time homebuyer credit” isn’t just for first-time homebuyers anymore. Thanks to a new tax law change, longtime homeowners mayRead more.
Qualified Transportation Fringe Benefits
Beginning January 1, 2009, the monthly exclusion for commuter highway vehicle transportation and transit passes increased to $120 and theRead more.