If you bought a new car, light truck, motor home or motorcycle in 2009 you may qualify for a special tax deduction for the sales and excise tax on that purchase. Your vehicle must not weigh more than 8,500 pounds, except for motor homes, on which there’s no weight limit, and you must have bought [...]
Filed under: Tax by Lynn Barwell
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As a part of the stimulus package, in February 2009 new withholding tax tables were released, recognizing a $400 credit for each worker over the balance of the year. A similar provision is built into the 2010 tables. The credit was designed to offset some of the Social Security tax withheld, to get more disposable income [...]
Filed under: Tax by Mark Patrick
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You may have heard there is a new opportunity for the rollover of traditional IRA accounts to a Roth IRA. Two of the significant limitations for Roth accounts from the beginning (about a dozen years ago) have been income restrictions on both the ability to make a current contribution and on rollovers from traditional IRA’s [...]
Filed under: Tax by Mark Patrick
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Our healthcare system has been driven into over-diagnosing every ailment with lab tests and imaging we haven’t had access to before. Are these tools worthless? Of course not. The medical profession can now use some amazing resources, without which we would suffer more and die sooner. However, we’ve forced some doctors to become tour guides, [...]
Filed under: General by Mark Patrick
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