Month: December 2010

Just about anything involving money is a source for negotiation, but many people don’t think about the fact that their severance package is as well. Although we don’t want to think about that day when we may be laid off, it’s important to be prepared to negotiate our compensation package.…

With a growing population of unemployed workers the idea of owing money at tax time is downright scary and stressful. Particularly if you unexpectedly lost your job via a layoff or mass firing. However if you are actively looking for a job, there are a number of tax benefits –…

[Update] - See this article for 2012 and 2013 Tax Rates/Brackets The IRS has released its 2011 Tax Rates and Income thresholds following approval of the Bush-Era Tax Cuts. The latest 2011 IRS federal tax table is shown below with the following key tax changes: Personal exemptions and standard deductions…

The Child Tax Credit (CTC) has seen some key updates enacted as part of the "One Big Beautiful Bill Act." As of the 2025 tax year (filed in 2026) and going forward, the credit is structured to be claimed when filing your tax return, transitioning away from the advance, fully…

As part of bush-era tax cuts extension legislation (Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010), a number of new tax breaks were made available. One was a temporary one year cut in employee payroll taxes, which funds Social Security and Medicare, of 2% during 2011. The…

[Update - No New Taxes with Tax Extensions Approved] President Obama has now signed into law a bill that covers a temporary extension of all the bush-era tax cuts. The new bill also contains extensions to some of the 2008 stimulus tax breaks, and even has some new tax cuts. With…

Tax season is almost here and it's important to think about your tax minimization and management strategies so that you save when filing. I will be publishing more tax related posts over the next few weeks (subscribe), but in the meantime here is a cool Tax Infographic with some interesting…

In addition to keeping the current tax rates for all Americans, President Obama announced a compromise plan with the Republican leadership that would extend aid for the long-term unemployed for another 13 months. Other taxes that will be implemented or remain unchanged as part of the compromise include: The payroll…

With another holiday season upon us, it’s not too soon to start planning your gift buying budget. Since last year, the economy has changed, many well-known retailers are no longer in business, and it’s likely that those who still have jobs may not find a holiday bonus in their company…

As the year draws to a close it’s always a good idea to review your tax situation and in light of that we have put together a collection of fifteen tax deductions worth considering to lower your overall tax bill. But act soon, because if you wait until next year…