Archive for the 'Tax News' Category

State Sales Tax Holidays – Tax Free Weekend 2010

2010 state sales tax holidays are here! If you’re lucky, your state will encourage you to shop on specific days this summer and fall to avoid paying sales tax. Sales tax holidays vary by state, but most are having the 2010 tax free weekend the first weekend in August. Many of the states are limiting [...]

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   IRA Limit Maximum $5,000 Additional contribution for age 50 and over $1,000 In addition, contributions to IRAs can count [...]

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 [...]

Tax Dates: 2009 Tax Calendar

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, [...]

TurboTax - Do your Taxes for Free - It's Easy