Posted by Amanda on September 1st, 2010
Losing your job can be psychologically and emotionally draining, as well as can suck the life out of your bank account. Unemployment insurance is typically a few hundred dollars a week, which is a fraction of what you used to make, and equates to a salary considered under the poverty line in the United States. [...]
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Posted by Madison on August 31st, 2010
The marriage tax penalty is set to make a comeback in 2011. Lets take a look at the marriage tax penalty, an often confusing and overused term, to see what it really means and why it’s coming back. What is the Marriage Tax Penalty? Ten years ago, married couples had to pay more than double [...]
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Posted by Madison on August 23rd, 2010
The 2011 tax calculator is finally here, even though we still don’t know exactly what the 2011 tax brackets will be. The Tax Foundation has a 2011 tax calculator that helps you project your 2011 income taxes based on all the options Congress is considering. 2011 Tax Calculator The 2011 tax calculator has 4 scenarios [...]
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Posted by Madison on July 21st, 2010
When I said that the current capital gains tax rate is 0% for some taxpayers, a reader, Colin, was shocked. He states: I had no idea long term capital gains are presently 0%. Are you sure? Yes, Colin, I’m sure! Let’s take a closer look at capital gains and the capital gains tax rates for [...]
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Posted by Madison on July 13th, 2010
When the Bush Tax Cuts Expire in 2010, we’re bracing for higher 2011 Tax Rates. In addition, many of the tax cuts that we’ve come to expect over the last decade are changing. I love to plan, so here’s what I’m currently working on: 2010 Planning Moves for Expiration of Bush Tax Cuts Tax Rates. [...]
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