Fix The Tax Code Friday: Personal Exemptions
Today’s Fix The Tax Code Friday question: Should Congress set the personal exemption amount to zero permanently?
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Taxes from A to Z: W is for W-4
Here’s the first bit of information you need to know about the federal form W-4, Employee’s Withholding Allowance Certificate: it only applies to employees. If you’re self-employed, you can move along, there’s nothing to see here for you (though you may want to check out other IRS info as outlined on Publication 4591, Small Business…
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2010 Not Likely to Be All That Different From 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. Here’s…
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Ask The Taxgirl: Allowances For Kids
Taxpayer asks: Hi,My husband and I have decided to open a bank account for our son. We’re going to give him an allowance every week. He gets to keep part of it and put the rest in the bank. If he saves a certain amount, he gets a bonus allowance. The point is to teach…