Posted in Itemized Deductions on Mar 3rd, 2009 No Comments »
By Steven Sloan and Emily Flitter
March 2, 2009
Though weakened by the financial crisis, the banking industry is preparing to fight key provisions of President Obama’s budget plan released Thursday.
Chief among the industry’s concerns is a provision that would eliminate a tax deduction on mortgage interest for filers who earn more than $250,000 a year. The [...]
Posted in Itemized Deductions, Tax Deductions on Feb 13th, 2009 No Comments »
by Staff Report
17 hrs ago | 68 views | 0 | 0 | |
Taxpayers impacted by severe storms in Georgia last year can increase their standard deduction by claiming their net disaster losses suffered from a federally declared disaster.
A new tax law called the National Disaster Relief Act allows all taxpayers, not just those who itemize, to claim the casualty [...]
Posted in Charitable Contributions, Itemized Deductions, Recordkeeping, Tax Planning on Mar 18th, 2008 No Comments »
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