It’s Fix the Tax Code Friday! “Above the line” deductions are deductions that you can take even if you don’t itemize. As such, they aren’t
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Fix The Tax Code Friday: Immigration
One of the most polarizing features of the proposed immigration bill is whether illegal immigrants currently living in the United States should be granted a
Read MoreFix The Tax Code Friday: Tax On Personal Services
Earlier in the week, I reported that Georgia is considering implementing a tax on personal services, meaning that professions like barber shops, law firms and
Read MoreFix The Tax Code Friday: Flat Tax
A number of the presidential candidates have suggested replacing the current tax system with a more simple program. It feels like it shouldn’t be hard
Read MoreFix The Tax Code Friday: 527 Organizations
It’s Fix the Tax Code Friday! In the last presidential election, we heard quite a bit about the so-called 527 organizations like “Swift Boats for
Read MoreFix The Tax Code Friday: AMT
There’s lots of talk on the Hill these days about repealing the alternative minimum tax (AMT). So today’s Fix the Tax Code Friday question is:
Read MoreFix The Tax Code Friday: Standard Deductions
So, my father-in-law was saying that he always claimed the standard deduction, despite the fact that he would have saved more money by itemizing, just
Read MoreFix The Tax Code Friday: Capital Gains Exclusion
I’ve received a number of queries about the capital gains exclusion for the sale of a personal residence (more on that next week). But it
Read MoreFix The Tax Code Friday: Political Contributions
It’s Fix the Tax Code Friday! It’s also election time. Folks are throwing their hats into the ring left and right… literally. So today’s question
Read MoreFix The Tax Code Friday: Estate Tax
When Congress first introduced the wacky legislation that is the current federal estate tax situation (an exemption that gradually rises to $3.5 million per person,
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