by Kristine McKinley | Jun 4, 2006 | Retirement, Taxes
You know that you should diversify your investments to reduce your investment risk, but did you know you should also diversify your investments for tax purposes? 401K and IRA accounts are taxed at your ordinary income tax rate, so if you’re in the 25% tax...
by Kristine McKinley | May 28, 2006 | Taxes
The 2003 Tax Act included a $250 deduction for teachers who spend their own money for classroom supplies. Most teachers spend far more than $250, so this tax deduction was a very minor victory for teachers. However, there is a way for teachers to get a full tax...
by Kristine McKinley | May 22, 2006 | Taxes
Along with some temporary AMT relief, the tax law just passed last week extends the long-term capital gain tax rates to 2010. Folks in the 10 and 15% tax bracket will benefit the most (assuming those same folks have investments held outside of retirement...
by Kristine McKinley | May 11, 2006 | Taxes
The House passed a tax bill yesterday (see article here) which will extend the reduced capital gain and dividend rates, and provide some much needed AMT relief. If you’re not familiar with AMT, it is the Alternative Minimum Tax, created to keep higher income...
