As we go into the end of the year.  Get yourself prepared for the year so that you may take advantage of tax breaks.

Did you know about these changes for the year?

  • Changes to the Alternative Minimum Tax
  • Deductions for Credit or Debit Card Convenience Fees on income tax and estimated tax payments
  • Deductions for Sales and Excise Taxes imposed on purchases of new motor vehicles
  • Education related tax changes (education savings bonds, hope & lifetime learning credits, tuition & fees deduction and student loan interest)
  • Home/Residence related tax changes
  • Qualified transportation fringe benefit monthly exclusions
  • Residential energy credits
  • That a portion of unemployment compensation is excludable

If you would like to talk about any changes that may affect your tax filing for 2010, feel free to contact me.