![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=c7bed5ef-1a30-4fef-912f-53d71b2597db)
Tax Breaks for Active Military Personnel and Reservists
More than three million individuals are either on active or reserve duty with the U.S. armed forces. Just before Memorial Day, Congress gave these individuals and their families some important tax relief in the Heroes Earnings Assistance and Relief Tax Act of 2008. The tax incentives are targeted to military personnel on active duty, reservists called to active duty and military families. Image...
February 9th, 2009 by The Tax Man
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=ad7c3a9d-0563-4ae5-9806-b74d5e18381d)
Charitable Giving
Significant tax savings can be achieved through a properly planned program of gifts to charity. Although a contribution may be motivated by humanitarian reasons, it is nevertheless wise to take the tax considerations into account when making a contribution. Charitable giving can be divided into two general categories. First, there are donations that are made on a regular basis and involve relatively...
January 21st, 2009 by The Tax Man
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=d693b22b-06b6-4ea9-a172-9ec81469b46b)
Alternative Minimum Tax (AMT)
Image via Wikipedia The Alternative Minimum Tax parallels the regular income tax: taxpayers whose AMT liability exceeds their regular tax liability pay the difference as AMT. The AMT replaces personal exemptions and some deductions (most notably, the standard deduction and the deduction of state and local taxes) with an AMT exemption and applies two tax rates-26% on the first $175,000 and 28%...
December 4th, 2008 by The Tax Man
