About Tax Planning: U.S.Get the latest headlines from the About.com Tax Planning: U.S. GuideSite.Making a Mid-Year Tax Projection- June 28, 2008 July is a good time to do some quick tax math and make projections for how your taxes might look for the full year. That's because you'll have a full...http://taxes.about.com/b/a/257614.htm Standard Mileage Rate Increases by 8 Cents- June 24, 2008 The IRS has increased the standard mileage rate for taxpayers who drive their cars for business and medical purposes. Starting July 1, 2008, the standard mileage rate will be 58.5...http://taxes.about.com/b/a/257613.htm IRS Drops Interest Rate on Late Payments- June 21, 2008 Interest charged on balances owed on federal taxes will drop to 5% starting July 1, 2008. The previous interest rate was 6% (effective from April 1st to June 30th, 2008),...http://taxes.about.com/b/a/257612.htm Questions About the Mortgage Deduction Limits- June 21, 2008 Mortgage interest is tax-deductible within certain limits. The limitations are $1,000,000 of acquisition debt and $100,000 of home equity debt. Combined, this means that loans of up to $1.1 million...http://taxes.about.com/b/a/257611.htm Tax Considerations for Same-Sex Marriages- June 17, 2008 With same-sex marriages now legal in California as well as Massachusetts, couples will need to plan their finances and taxes very carefully. Federal law, however, does not recognize same-sex...http://taxes.about.com/b/a/257610.htm Deadline for Expatriates to File a 2007 Return- June 13, 2008 US Citizens and resident aliens living abroad have until Monday, June 16th, to file a return or request an extension. People living abroad are granted a truly automatic two-month extension...http://taxes.about.com/b/a/257609.htm Estimated Tax Payments Due on Monday, June 16th- June 13, 2008 Estimated tax payments are due on Monday. And this quarter I decided to be real smart and actually figure out how much I needed to pay to avoid having a...http://taxes.about.com/b/a/257608.htm Qualifying for Tax-Free Treatment When Selling a House- June 9, 2008 When homeowners can sell their primary residence, the first $250,000 in profits are tax-free. The tax-free amount is doubled to $500,000 for married people filing a joint return. In order...http://taxes.about.com/b/a/257607.htm Common Business Deductions- June 9, 2008 Consultants and business owners can write off a variety of common business expenses against their taxes. Expenses that are typical for many consultants include software, supplies, travel, postage, and continuing...http://taxes.about.com/b/a/257606.htm |