Archive for 2009


Tax Day is Here!

Happy Tax Day! Every year on April 15 there are plenty of last minute filers scrambling to get their taxes done. If you want to get your taxes done quickly, check out 6 Free E-File Options.
Tax Extensions
If you are in the same situation, but your return is not going to get done by the end [...]


2008 Tax Brackets

Want to know how much you’ll be paying in taxes this year? Here are the 2008 tax rates.
Tax rates are marginal, so you’ll pay taxes at each rate until you reach your taxable income level.
For example, a single filer who has $25,000 of taxable income will pay 10% on the first $8,025 ($802.50) [...]


First Time Home Buyer Tax Credit

If you purchased a new home in 2008 or plan to do so in 2009, you’ll want to know about the first time home buyer tax credits available.
2008 Home Purchases
Buyers can get a $7,500 First Time Home Buyer Tax Credit. The credit is 10% of the purchase price of your home, capped at $7,500. [...]


2009 IRA Limits

For 2009, the Traditional IRA and Roth IRA Limits remain unchanged from 2008.
IRA contributions can be made between January 2, 2009 and April 15, 2010 for the 2009 tax year.
2009 IRA Contribution Limits
 

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Economic Stimulus Plan Highlights

Included in the economic stimulus plan that Congress agreed upon yesterday are various tax provisions. The economic stimulus plan still needs to have the House and Senate votes before having President Obama sign it into law. The total bill is almost $790 billion.
Here are some of the highlights to tax law:

Home Buyer Tax Credit: [...]


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