Tax Tips and News Affecting Your Taxes

Tax Tips - previous weeks:

• Tax Tips

• Some low-income taxpayers are being paid to save

• Note the new standard mileage rates for 2004

• Some home improvements are deductible medical expenses

• Don't get taken for a ride

• Some estates benefit by the drop in the stock market

• Know which dependents you can claim

• Be aware of taxes when you sell a gift

If you are worried that you have a large amount that you will have to pay to the IRS this year, you should know about the IRS Installment Plan.  Not every taxpayer is eligible, so be sure to read the instructions carefully.  Click Here for details of the IRS Installment Program.

• Are you a parent recently divorced or planning to be by the end of the year? Don't let love matters interfere with your awareness of the tax consequences. Changes in your marital status in 2000 can have major effects on how you file your taxes, and the amount you will pay. Click Here for a full discussion.