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Category: Taxes

Who are the Radicals again?

This is a great illustration, and I would even argue the BEST illustration–brought to my attention by my good friend, JohnnyB–of what’s wrong with the current Health Care System, how it got there, and who’s actually (shockingly enough) coming up with the most radical (and arguably the most logical) approaches to solving said system. My [...]

Weekly Tax Tip

Zero capital gains rate coming in 2008 You already know the federal tax rate on capital gains varies, depending on your tax bracket, the kind of property you sell, and how long you owned it. But are you aware that starting next year some capital gains won’t be taxed at all? From 2008 through 2010, [...]

New Tax Tip

How to determine the amount of a casualty loss deduction Fire, flood, tornado. Violent weather can wreak emotional and financial havoc. If your home, vehicle or other personal property is damaged or destroyed by a sudden, unexpected casualty, an itemized tax deduction may help ease the financial burden. In most cases, you claim a casualty [...]

Weekly Tax Tip

Check the link below on how to properly prepare yourself in case your return is chosen for a random audit. Weekly Tax Tip