The 2010 tax brackets are out. Now you can start planning for your 2010 taxes and determine your correct withholding using the federal income tax brackets below. As a reminder, tax rates are marginal; you pay tax at each incremental tax rate until you reach your taxable income level. 2010 Tax Brackets table.dp2 { [...]
Want to get a tax credit for your new car? If you bought a new vehicle last year, you may be able to take advantage of the following tax credits on your 2009 taxes: deducting the amount of state and local sales and excise tax paid. You can also take further tax deductions if you [...]
While the Cash for Clunkers program helped many people in the market for buying a car optimize their savings, many people were unable to take advantage of this program (like myself!) because their ‘clunker’ or used car had too good of gas mileage to be counted. Another downfall was the fact that it significantly dropped [...]
How much money do you have to make to file taxes? That seems to be a popular question these days, especially for people that made less money last year due to the economy. 2009 Income Requirements For the 2009 tax year, you need to file taxes if your gross income meets the minimum income for [...]
Both 2008 and 2009 have been hard years for charities, at the same time that more and more individuals are seeking charitable help for the first time. Let’s face it; even those of us with jobs have found ourselves scrimping more, perhaps running out of money at the end of the month, or cutting back [...]
