It’s tax time! It’s hard to remember everything about taxes, so here is a comprehensive tax guide to get you through tax season! From important tax dates to planning for next year, and just about everything in between, we’ve got you covered!
Tax Numbers
2008 Tax Information. Reference sheet for 2008 tax limits, credits, exemptions, deductions, phase-out [...]
Congress was able to put together a compromised plan of the economic stimulus plan yesterday. The final price tag is $789.5 billion.
Trying to follow the stimulus plan is like following a moving target these days… but here’s what we know today!
Home Buyer Tax Credit
Many of you were waiting with high hopes for the [...]
Here’s the 2008 tax limits, credits, exemptions, deductions, phase-out and exclusion numbers all in one place! It is a good reference and will come in handy at tax time. Last year, the list was a popular reference sheet, so I thought it would be good to publish it again.
Exemptions
$ 3,500
Standard Deduction
Single
$ 5,450
Married Filing Jointly
$ 10,900
Married [...]
Update: The $15,000 home buyer tax credit was eliminated in the compromised bill. It’s now an $8,000 First Time Home Buyer Tax Credit.
A reader, Keith, left the following comment about the $7500 First Time Home Buyer Tax Credit:
I just read that the $7500 home buyer tax credit is going to be jumping up [...]
How much money do I have to make in 2008 to file taxes? Looking for the 2008 income tax filing requirements? Here they are!
2008 Income Requirements
For the 2008 tax year, you need to file taxes if your gross income meets the minimum income for your filing status and age:
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