Tag: 2013

2018 vs. 2019 Alternative Minimum Tax (AMT) Threshold and Exemption Amounts

As part of GOP tax reform bills to support President Trump’s tax reform agenda, there has been a strong push to eliminate the individual Alternative Minimum Tax (AMT). However the GOP has… Read more »

2016-2017 American Opportunity Education Tax Credit (AOTC) Extension – Eligibility, Income and Phase-out Limits

Congress and the Obama administration reached an agreement a few years ago that extended the American Opportunity Tax Credit (AOTC) through 2018. The AOTC allows parents and students to receive a tax… Read more »

2013 Business Tax Changes and Credits in Fiscal Cliff Deal Extend Small Business Jobs Act Tax Changes

[2013 Small Business Tax Breaks Extensions] Congress and the Obama administration have reached an agreement that will extend a number of small business tax breaks through 2013 following the fiscal cliff deal which was… Read more »

2017 vs 2018 Child Tax Credit Qualification and Income Thresholds with Trump GOP Tax Reform Updates

[Trump/GOP Tax Reforms and impact to CTC] As part of GOP tax reform bills to support President Trump’s tax reform agenda, there were provisions in place to increase the child tax credit… Read more »

Fiscal Cliff Deal and What’s Ahead in 2013 for Taxes on Income, Capital Gains, Dividends and Estates

Congress and the Obama administration’s fiscal cliff deal means that 2013 federal tax rates will remain fixed for nearly 99% of the population. Only those earning $450,000/$400,000 (married/single) AGI will have… Read more »

2018 Earned Income Tax Credit (EITC) Qualification and Income Thresholds

Below are the EITC tables for the past few years. These are adjusted annually in line with inflation and other government mandates. The EITC supplements the wages of low income… Read more »

Best Job Prospects, Occupations and Professions in the Next Decade – 2010, 2011, 2012 to 2018

There is no doubt that the nation is going through one its toughest employment periods in a long time. With unemployment rates close to 20% across many regions, it’s tough… Read more »

2016 vs 2015 Standard IRS Mileage Rates For Business, Medical, Moving and Charity – Tax Deduction Rules

[Updated with latest 2016 IRS rates]  Standard mileage rates used to calculate the deductible costs of operating a car (includes vans, pickups or panel trucks) for business, charitable, medical or moving purposes… Read more »

Food Stamp Program Now Supplemental Nutrition Assistance Program (SNAP). Helping to Feed Millions of Poorer Americans

See this updated article for the latest program information, Food Stamp (SNAP) benefits and eligibility levels _________________ [Updated August 2011] The Federal Food Stamp Program is now known as the Supplemental Nutrition Assistance Program… Read more »