Children who earn investment income, including interest and dividends, usually pay a lower tax rate than their parents.
However, once the child’s investment income exceeds $1,800, the child’s income will be subject to the kiddie tax. When the kiddie tax applies, part of the child’s income will be taxed at the parent’s tax rate.
The [...]

The Saver’s Credit (which used to be called the Retirement Savings Contributions Credit), is a tax credit up to $1,000 ($2,000 if filing jointly). The credit is for contributions to 401ks, IRAs, and other retirement plans.
Who can claim the Saver’s Credit:

Individuals (and married filing separately) with incomes up to $26,500 in 2008 ($27,750 in 2009).
Married [...]

Tax dates for your calendar! Here are the important tax dates to remember in 2009:

January 15, 2009: Fourth quarter estimated tax payment due (or you can file your return and pay all tax due by February 2, 2009).
January 31, 2009: Last day for businesses to mail W-2, 1098, and 1099 forms.
March 16, 2009: Corporate tax [...]

Welcome to Tax Gab. From tax filing to tax software; from deductions and credits to tax news… it’s the place to be to talk tax!
There are so many tax rules for both personal taxes and business taxes from the IRS, sometimes it helps to talk it through before it makes sense.
While [...]