by Hilary Craig | Nov 18, 2011 | Deductions
It may be beneficial to accelerate paying deductions such as paying your 4thquarter state estimated tax installment in December instead of at the January due date. Pay your entire property tax bill, including installments due in year 2012, by year-end. Try to bunch...
by Hilary Craig | Nov 14, 2011 | Deductions, Gifts
Looking Ahead to Tax Changes for 2012 The value of each personal and dependent exemption will increase $100 to $3,800 in 2012. The new standard deduction is $11,900 in 2012 for married couples filing jointly. Individuals and married people filing separately will see...
by Hilary Craig | Nov 4, 2011 | Deductions
Consider setting up a health savings account (HSA). You can deduct contributions to the account, investment earnings are tax-deferred until withdrawn, and amounts you withdraw are tax-free when used to pay medical bills. In effect, medical expenses paid from the...