Medical Checklist
After 2012, the floor on deductible medical expenses increases for most taxpayers to 10% of AGI. Learn more in this week’s Tax Tip.
Tax Breaks for the Self-Employed and Small Business Owners
The following is a compilation of a number of tax breaks available to self-employed individuals and/or small business owners. Some can be implemented before year’s end, providing benefits for your 2011 return, while others will provide planning opportunities for 2012.
Standard Mileage Rates Announced for 2012
The IRS announced the standard business use of auto mileage rate is 55.5 cents per mile for 2012. See additional rates in this Tax Tip.
Unmarried Couples and Home Mortgage Interest
If you pay on a mortgage but your name is not on the loan document, you may not be able to deduct mortgage interest. Read this Tax Tip for more info.
Tax Provisions Expiring December 31, 2011—Individuals
Tax expert Marian Macleod-Elliott, C.P.A. joins “Money Talks” to discuss the expiring tax provisions for individuals.
Q&A Time: Listeners’ Questions on Preparing a Minor for a Custodial Account, Social Security Tax and Consumer Sentiment
The Henssler Financial research analysts tackle listeners’ questions on custodial accounts, the FICA tax and consumer sentiment.
Tax Strategist: Year-End Tax Planning Moves for Individuals
With about a month left in the year, there is plenty you can do to improve your tax situation. Read this Tax Strategist for more.
Tax Strategist: Year-End Tax Planning Moves for Businesses and Business Owners
There are an abundant number of provisions that provide tax relief to small businesses this year. Just so you don’t overlook any of these benefits, or in case your business would like to position itself to take advantage of some before the close of the year, here is a brief rundown on many of the business benefits that are available for 2011.
Year-End Capital Gains Strategies
Gains & losses come from the sale of assets—sounds easy, but there are reasons to consult a tax expert before year-end. Read more in this week’s Tax Tip.
Year-End Tax Planning—2011 Retirement Plan Contributions
“Money Talks” hosts discuss how to reduce taxable income by contributing to your retirement plans.