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Articles in Taxes

Get it On. Child Tax Credit Extended Permanently
Mon, 01/3/11 | 235 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 | 18 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 …

Real Estate Capital Gains Taxes on the Sale of a Home
Wed, 06/23/10 | 3 Comments
Real Estate Capital Gains Taxes on the Sale of a Home

When you are about to sell your home, one of the first things that you should consider is if you will have to pay capital gains taxes on the sale. This is a topic that …


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