Hard to believe it’s February already!

We continue today with our series of posts about the changes to estimated taxes for 2010. In case you haven’t been following the blog lately, we’ve been covering the things the IRS suggests you keep in mind for 2010 estimated tax payments.

Today’s topic is IRA deductions.

According to the IRS, you may be able to take an I... Read more >>

The IRS has made a series of changes that could affect your 2010 estimated tax payments. Today we continue our series of blog posts to highlight those changes.

Today, our topic is the first time homebuyer credit.

According to the IRS, if you claimed the first time homebuyer credit for a home you bought in 2008, you must begin repaying the credit in 2010.

If you’ve been reading the blog lately, you know that the IRS has made a series of changes that could affect your 2010 estimated tax payments. Today we continue our series of blog posts to highlight those changes.

Our topic of the day is the alternative minimum tax (AMT).

According to the IRS, the AMT exemption amount is scheduled to decrease to $33,750 ($45,000 if married filing jointly or a qu... Read more >>

The IRS has made a series of changes that could affect your 2010 estimated tax payments. To keep you informed, today we continue our series of blog posts to highlight those changes.

The topic for today’s post is disaster losses.

According to the IRS, the special rules that were in effect in 2008 and 2009 for losses of personal use property attributable to federally declared disasters do not apply to losses occur... Read more >>

The IRS has made a series of changes that could affect your 2010 estimated tax payments. To keep you informed, we continue our series of blog posts to highlight those changes.

Today’s topic is the decrease in personal casualty and theft loss limit.

According to the IRS, each personal casualty or theft loss is limited to the excess of the loss over $100 (instead of $500). This is in ad... Read more >>