Posts tagged as:

standard deductions

Ask the taxgirl: Does Renting Mean I Can’t Itemize?

17 January 2010

Taxpayer asks:
Hello Taxgirl! I have a question! I was married last year, and this is the first time I will be filing a joint tax return. My husband and I rent our house, and we paid about $6,000 out of pocket last year for medical expenses (this includes $2000 my husband paid for the health [...]

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2010 Not Likely to Be All That Different From 2009

30 October 2009

It looks like 2010 likely won’t be all that different from 2009 – at least when it comes to taxes.
Each year, by law, the dollar amounts for certain tax provisions are indexed for inflation. But inflation hasn’t budged all that much (that’s good, right?) which means that a lot of nothing is happening. [...]

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Up, Up and Away… In My Beautiful Tax Balloon

20 October 2008

As the economy continues on its wild ride, the IRS has announced a series of adjustments for tax brackets and other provisions for the 2009 tax year. These adjustments, in response to inflation, are required by law.
Note that these adjustments will affect your 2009 tax return, normally filed in early 2010. Your [...]

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