The alternative minimum tax (AMT) is a parallel tax system that was introduced in the 1960s to ensure that wealthy taxpayers pay at least a minimum amount in Federal taxes.
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taxplanning
Maximize Your Credits, Deductions, and Exemptions
Maximizing your deductions and exemptions, as well as taking advantage of any tax credits available to you, is a great way to start saving money on your next tax bill.
Like-Kind Exchanges: Still a Viable Tax Shelter
Are you holding onto appreciated property or real estate because you fear a large capital gains tax bill upon the property’s disposal? Don’t let fear paralyze you.
Guidelines for Deducting Mortgage Points
If you’ve recently purchased a new home, you may be wondering if you qualify for a full tax deduction for “points” paid to your mortgage lender.
The Tax Advantages of Charitable Gift Annuities
Would you like to donate to the causes you care about, while also generating a steady retirement income and saving on your taxes?
How Bunching Expenses Can Enable Taxpayers to Continue to Itemize
Many taxpayers are searching for ways to recover some of the tax benefits associated with itemizing deductible expenses that have been eliminated.
In the Driver's Seat: Tax Deductions
If you use your car for business, you may be entitled to some tax deductions if you meet certain rules and limitations.
Tax Tips from the IRS
Even with the best intentions, filing taxes often becomes an event that is put off until the very last minute.
Tax Advantages of Turning a Hobby into a Business
Many people dream of turning their passionate pursuit into a money-making venture and there are tax incentives that could make converting an avocation into a business start-up an effective part of your overall tax planning strategy.
Tax Act Tightens Rules on Vehicle Donations
Fundraising through vehicle donation programs took a hit when the American Jobs Creation Act was passed in October 2004.