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2011 Tax Rate Bracket Changes Announced by IRS
Wed, 01/5/11 | 9 Comments
2011 Tax Rate Bracket Changes Announced by IRS

Update: The 2012, 2013, and 2014 tax brackets & standard deductions have since been announced.
2011 Tax Rate Changes
I’ve been discussing the Obama tax cut deal a lot recently, since there were so many provisions that …

Get it On. Child Tax Credit Extended Permanently
Mon, 01/3/11 | 236 Comments
Get it On. Child Tax Credit Extended Permanently

This post has been updated for the 2013 & 2014 calendar years.

What is the Child Tax Credit?
As part of the American Taxpayer Relief Act of 2012 (aka the “Fiscal Cliff Deal”), signed in to law …

Bartering Taxes: How to Report Barter Income to the IRS
Thu, 10/7/10 | One Comment
Bartering Taxes: How to Report Barter Income to the IRS

For all the benefits of bartering – free goods & services, community-building, the thrill of the trade – there is one downside that you might not have anticipated. Taxes. That’s right, goods and services received …

2010 Roth IRA Conversion Rules: What’s the Big Deal About 2010?
Sun, 08/15/10 | 5 Comments
2010 Roth IRA Conversion Rules: What’s the Big Deal About 2010?

2010 Roth IRA Conversions: Why this Year is Special
Roth IRA conversions in 2010 are of special significance due to some unique tax circumstances and rule changes. If you’ve considered making a Roth IRA conversion from …

Adjusted Gross Income (AGI) Vs. Modified Adjusted Gross Income (MAGI)
Sun, 08/1/10 | 20 Comments
Adjusted Gross Income (AGI) Vs. Modified Adjusted Gross Income (MAGI)

Once a year, when tax time comes around, you get the terms gross income, adjusted gross income (AGI), and modified adjusted gross income (MAGI) shoved in your face… a lot. And since you’re only faced …

Are Losses on the Sale of a Home Tax Deductible?
Tue, 07/6/10 | 18 Comments
Are Losses on the Sale of a Home Tax Deductible?

I recently covered situations in which you’d have to pay real estate capital gains taxes, which prompted a few people to ask me about real estate capital losses.
The basic question is “If you have to …


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