It’s that time of year again. January 1 will mark the beginning of the tax season. Oh joy! There have been a few changes made to the Form 1040 income tax return for 2011. Nothing earthshaking, just the loss of a few tax benefits and some other changes that might cost you a little more [...]
New withholding tables that reflect the latest changes in tax law, including the recently passed legislation that temporarily reduces Social Security payroll taxes by 2% for 2011, went into effect on Monday of this week. I became aware of this on Tuesday when Rosa received her monthly pension statement. Her net pension payment (take home [...]
For two years, the government has implored us to spend, rather than save, in an effort to strengthen the economic recovery and reduce unemployment. Isn’t it ironic,then, that the government will pay low and middle income individuals and families to contribute to retirement plans? Yes, if you qualify, the government will pay you in the [...]
