Tag: credit

2012 Payroll Tax Credit Holiday Extended Till Year End. Extensions For Unemployment Benefits and Medicare Payments Also Approved

[Updated- 2012 Payroll Tax Credit Holiday, Unemployment Benefits and Medicare Doctor Payments Extended to Dec 31st] With House Republican support Congress has passed legislation extending the federal payroll tax holiday… Read more »

2011 Employee 2% Payroll Tax Cut Holiday For Social Security and Medicare. Making Work Pay Credit Not Extended

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… Read more »

How Your Financial Life Will Change After Marriage – 7 Important Money Matters to Consider

So you’re getting married? Congratulations! Decisions about churches, colors, the bridal party, and which family/friends to invite often become choices that take center stage but there are other, less glamorous… Read more »

Updates: Claiming Home Buyer Credit Extension, Small Business Loans and Tax Breaks Plus $250 SSI Payment

I wanted to provide a few updates on some of the more popular topics on this site given recent developments. You can click on the topic header to get more… Read more »

Solving the Housing Foreclosure Crisis by Cutting Mortgage Principal Balances – Big Mistake

Mortgage interest rates are at their lowest point in decades (about 4.5%) and the housing credit has been in effect for more than three years, yet the housing market is… 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 »