What Is New In 2010

If there are additional changes to the 2010 tax law, you can find them at www.irs.gov/form1040

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Seven Facts about the Nonbusiness Energy Property Credit

Taxpayers who take energy saving steps this year may get bigger tax savings next year. The Nonbusiness Energy Property Credit, a tax credit for making energy efficient improvements to homes has been increased as part of the American Recovery and Reinvestment Act of 2009...

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IRS Offers Continuing Education Credits for Certified Financial Planners at Nationwide Tax Forums

The Internal Revenue Service announced that it has reached an agreement with the Certified Financial Planner Board of Standards to give continuing education credits at the IRS Nationwide Tax Forums held this summer...

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NEW HOME BUYER CREDIT

The Housing and Economic Recovery Act of 2008 provides a new refundable tax credit for individuals who are qualified first-time homebuyers of a principal residence in the United States. For 2008, the credit applies to a principal residence purchased by the taxpayer after April 8, 2008, and on or before December 31, 2008...

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CHILD SUPPORT IS DEDUCTIBLE AT LAST.

Child support money is the factored amount of money a non-custodial parent could have normally spent on his/her child(ren) while living with them. The government has refused to let any parent off the hook for abandoning their childcare responsibilities to the other parent...

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