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Bend OR Tax Tips: Deferring Income into 2012

Why defer your income into 2012 this year? • Deferring income into 2012 is an especially good idea for taxpayers who anticipate being in a lower tax bracket next year, generally because of much-reduced income or much-increased deductible expenses. You many consider...

Bend OR Tax Tips: Changes for 2012

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...