Did you know that:
Selected Tax provisions will expire during or after 2010. A few areas that impact most taxpayers are:
- Individual Estate and Trust Income Tax Rates
- Capital Gains Tax Rates
- Qualified Dividends
- AMT Preference for " Qualified Small Business Stock"
- Tax Rate Bracket for Joint Filers
- Increased Standard Deduction for Married Taxpayers
- Limit on Itemized Deductions for Higher-Income Individuals
- Phase-out of Personal Exemptions
- Coverdell Education Savings Accounts
- Employer-Provided Educational Assistance
- Student Loan Interest Deduction
- Earned Income Tax Credit
- Child Tax Credit
- Child and Dependent Care Credit
- First Year Bonus Deduction
- Additional Bonus Deprecation for Passenger Automobiles
- Making Work Pay Credit
- American Opportunity Tax Credit
- Credit for Qualified Energy-Efficient Home Improvements
- Temporary Increase in Refundable Portion of Child Credit
- For Business Owners (Self - Employed Individuals Deduction for Health Insurance Premiums for S/E Tax Purposes)
- Health Insurance Credit for small business that pay for insurance for 50 or fewer employees.
- ..... and many more!
Always consult your tax adviser for further information!
Please call our office at (404) 525-4030 if you have any questions or concerns.