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 Two New Tax Benefits Aid Employers Who Hire and Retain Unemployed Workers | |
Mar 18, 2010 - 3:10 PM - by Samatg | 
Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. These provisions are part of the Hiring Incentives to Restore Employment (HIRE) Act enacted into law today.
Employers who hire unemployed workers this year (after Feb. 3, 2010 and before Jan. 1, 2011) may qualify for a 6.2-percent payroll tax incentive, in effect exempting them from their share of Social Security taxes on wages paid to... [Read More] | | | | Eight Important Facts about the Health Coverage Tax Credit | |
Mar 18, 2010 - 3:08 PM - by Samatg |
The Health Coverage Tax Credit pays 80 percent of health insurance premiums for eligible taxpayers and their qualified family members. However, many people who could be receiving this valuable credit don’t know about it, and are missing out on big savings that can help them and their families keep their health insurance.
Here are the top eight things the IRS wants you to know about the HCTC:- The HCTC pays 80 percent of an
... [Read More] | | | | Additional Standard Deduction for Real Estate Taxes | |
Mar 09, 2010 - 1:52 PM - by Samatg |
The IRS wants taxpayers who pay state or local real estate taxes but don’t qualify to itemize their tax deductions, to know that they may qualify for an increased standard deduction. This is the last year that the higher standard deduction for real estate taxes is available.
Here are six things you need to know about the higher standard deduction for real estate taxes:- The additional deduction amount is equal to the amount of
... [Read More] | | | | Top Ten Facts About the Child and Dependent Care Credit | |
Mar 09, 2010 - 12:07 AM - by Samatg |
Did you pay someone to care for a child, spouse, or dependent last year? If so, you may be able to claim the Child and Dependent Care Credit on your federal income tax return. Below are the top 10 things the IRS wants you to know about claiming a credit for child and dependent care expenses. - The care must have been provided for one or more qualifying persons. A qualifying person is your dependent child age 12 or younger when the care was
... [Read More] | | | |   | » Categories |  | | Individual Corporations Forum for CPAs Financial Planning | |
