by Kristine McKinley | Dec 2, 2008 | Taxes
A new tax law in 2006 allowed homeowners to claim credits for purchases that make their homes more efficient. This law was originally only for purchases or improvements made in 2006 and 2007, but has been extended by the Emergency Economic Stabilization Act of 2008...
by Kristine McKinley | Dec 1, 2008 | Taxes
Despite widespread stock market losses in 2008, several mutual fund companies have announced that they will make capital gain distributions to shareholders in mid-December. This is a double whammy to investors because shareholders who hold mutual funds in taxable...
by Kristine McKinley | Dec 1, 2008 | Taxes
Update: The Tax Relief Act of 2010 extends the ability to donate your RMD to charity for both 2010 and 2011. For more information, please read “Yes You CAN Donate Your 2010 RMD to Charity”. The Pension Protection Act of 2006 allows IRA owners age 70 1/2...
by Kristine McKinley | Dec 1, 2008 | Featured Post, Taxes
December’s a busy month with holiday preparations, but it’s not too late to focus on last-minute tax savings. Consult with your tax professional to see if these might work for you: Do an AMT sweep: One of the reasons why it’s wise to consult a tax...
by Kristine McKinley | Dec 1, 2008 | Featured Post, Taxes
There’s a special sinking feeling as you approach Dec. 31 and realize you’ve done no tax planning whatsoever. That includes big issues like end-of-the-year investment decisions, and the smaller ones – like that stuff you no longer use piling up in...
by Kristine McKinley | Sep 6, 2008 | Taxes
On July 30, 2008, President Bush signed H.R. 3221, the Housing and Economic Recovery Act of 2008 (the “Act”). The Housing Act is intended to revamp the housing finance industry, encourage home ownership and help prevent foreclosures. Below is a summary of some...
