| Hi Website Visitor. Enjoy your Articles for December 24, 2007. |
| Congress Passes 'Quick Fix' to the AMT |
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Last week, Congress passed some much-needed tax relief involving the alternative minimum tax (AMT). The new tax legislation increases the exemption amounts for tax filers across-the-board and and allows them to use personal tax credits to offset AMT liabilities. It is expected to save more than 20 million people from paying AMT for the 2007 tax year. Here are the details.
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| Revisit Dividend Stocks |
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Times change and sometimes, so does investment thinking. Stocks that pay dividends have been considered old-fashioned by some people. But the companies paying dividends generally tend to have fundamentals that make them solid long-term investments than no-dividend high-flyers. And current tax law makes dividend taxation attractive. Click "Full Article" for the details.
Copyright © 2008 |
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| Go It Alone with a 401(k) Plan |
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With one type of retirement plan, business owners who run their operations alone may be able to stash away more money for the future. Click "Full Article" to see if a Solo 401(k) plan is the right way for you to save.
Copyright © 2008 |
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| Partial Tax Exclusions for Home Sales |
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One of the best tax breaks available is the ability to avoid tax when selling a principal residence - up to $500,000 of gain is potentially tax-free for married couples filing jointly ($250,000 for single filers). However, in order to qualify, you must own and use the home for two out of the five years before the sale date. What if you're forced to move before that time? You still might be able to exclude the home sale profit by claiming a partial gain exclusion. Click "Full Article" to find out the rules.
Copyright © 2008 |
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