Bush’s tax plan has suggested severely limiting the mortgage deduction and eliminating deductions for interest on home-equity loans or mortgages for vacation homes. So today’s
Read MoreCategory: fix the tax code friday
Fix The Tax Code Friday: Domestic Partnerships
New Jersey is one of the first states in the country to pass a fairly comprehensive Domestic Partnership Act that would allow couples who register
Read MoreFix The Tax Code Friday: Kiddie Tax
My daughters received their forms 1099-INT for their “Little Savers” accounts at our local bank last week. Since they are under the age of 16, we
Read MoreFix The Tax Code Friday: Standard Deduction
In light of President Bush’s plan to allow a standard deduction for all persons who pay for healthcare insurance (or receive insurance through an employer),
Read MoreFix The Tax Code Friday: Withholding
I continue to receive a number of questions about withholding – it seems to be the most confusing of issues that directly affect individual taxpayers.
Read MoreFix The Tax Code Friday: Social Security
Few can argue that our Social Security system doesn’t need fixing. Even fewer can agree on how to fix it. A number of alternatives have been suggested
Read MoreFix The Tax Code Friday: Filing Year
Most individual taxpayers are on a calendar year for tax purposes – and that just wrapped up on December 31, 2006. Business taxpayers, however, may
Read MoreFix The Tax Code Friday: Credit Card Debt
It’s the post holiday season, which means post credit card season. A lot of folks would love to deduct the interest on personal credit cards
Read MoreFix The Tax Code: Holiday Bonus!
As I mentioned on yesterday, holiday bonuses (and the equivalent) are taxable. Seems a little Grinch-y to some folks. So today’s fix the tax code Friday question
Read MoreFix The Tax Code Friday: Private School
The next installment for my daughter’s private school tuition is due in about a month. We pay approximately $10,000 per year. It sounds steep, sure,
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