Tax Advice for Parents with Special Needs Kids

Did you know that 15-30 percent of families with a special needs child have one or more unclaimed tax benefits.

clipped from www.talkaboutcuringautism.org
Medical Expense Deductions
Many parents don’t realize that Learning Disabilities are considered a medical condition, as are other disabilities such as autism, cerebral palsy, ADHD, etc. [Rev. ruling 78-340, 1978-2 C.C. 124]
Medical expenses are limited [...]

Tax Tips for the Unemployed

As millions of people lost their jobs in 2008, one big question is how do I account for this when I file my tax return? Below is a list of answers to some top concerns:
Do I still have to pay tax if I was out of work in 2008?
Probably. The IRS requires anyone who [...]

Important Tax Changes for 2008

The IRS has released it’s ever helpful tax guide for the individual. Below are highlights of the tax changes for 2008:
Economic stimulus payment. Any economic stimulus payment you received is not taxable but reduces your recovery rebate credit.
Recovery rebate credit. If you did not receive the full economic stimulus payment, you may be able [...]

2008 Year End Tax Tips

We have complied a few simple things you can do before the end of the year to keep your income taxes as low as possible.
Giving to Family and Friends
In 2008 the maximum amount of money you can gift to one person without paying taxes is $12,000. If you are married and have two children who [...]

Tax Relief in Disaster Situations

With Hurricane Gustav making land fall and more storms to come, the IRS is keeping a watchful eye on the damage and encouraging taxpayers in vulnerable areas to protect their financial records. To keep an eye on the developing tax relief options, visit www.IRS.gov.

For those whom were affected by Hurricanes Katrina, Rita and Wilma, [...]

Stimulus Rebate Check Confusion

Things you may need to know if you haven’t received your stimulus check or have received two.

clipped from finance.yahoo.com

Stimulating Confusion

As millions of taxpayers await checks, others find themselves with two
Even as millions of people are anxiously checking their mailboxes and bank accounts for their stimulus payments, others have received more than their fair share.
The IRS [...]

Tax Rebates With Conditions

Starting this May, tax rebate checks will be mailed to approximately 117 million middle-and low-income taxpayers as part of the 2008 Economic Stimulus Act.
How Much Will You Get? Qualifying single filers (AGI less than $75,000) will get a rebate of up to $600. Qualifying joint filers (AGI less than $150,000) will get a rebate of [...]