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All taxpayers would pay more because of the elimination of the 10 percent tax bracket.
Investors would lose tax breaks on capital gains and dividends. At present, taxpayers in the 15 percent or lower tax bracket pay zero Federal tax on dividends and capital gains. All others pay only 15 percent. This deal ends on 12-31-2012.
The President and members of Congress are fully aware of the current tax situation. Leaders of both parties do not want a total taxmageddon. The problem is that they can not come to an agreement on what to do.
What Is An Executor's Duty?Preparing to be the executor of an estate can be an intimidating and mammoth task and those unprepared can easily find themselves daunted.
Duties of an executor involve corresponding with other parties, keeping meticulous records, filling out forms and being answerable to creditors, beneficiaries and the intentions of the deceased, as recorded in the Will.
OK there is nothing sexy or fun in creating a budget or saving money. Well maybe there is something sexy in saving money. But not in budgeting.
Every smart entrepreneurial woman needs to learn to budget. The truth is if you're not paying attention to your finances your probably losing money. And that is certainly not sexy!
Are you getting married this summer or in the near future? If you recently got married or are planning a wedding, the last thing on your mind is taxes. However, there are some important steps you need to take to avoid stress at tax time. Here are five tips from the IRS for newlyweds to keep in mind.
Madness in March runs deeper than college basketball. Putting the finishing touches on your annual tax returns can itself be a maddening experience. For those who are getting on in years, here are some helpful tax tips and reminders:
Launched to honor those who sacrifice to safeguard our freedom, Welcome Home Heroes is open to all qualified Illinois veterans, active military personnel, reservists and Illinois National Guard members.
For those who are trying to venture into the real estate realm, tax season can be frustrating. First-time homeowners can get so caught up in the paperwork that they forget there are programs and services out there designed to help them save money on their annual property taxes.