December 30th, 2010
The recently enacted “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010,” made several important changes to the child tax credit, which is an up-to-$1,000 credit (i.e., dollar-for-dollar reduction in tax) for each qualifying child under the age of 17 that taxpayers with incomes below certain levels can take against their federal tax liability. Read more.
If you would like more details about these provisions or any other aspect of the new law, please do not hesitate to contact your Keiter Stephens engagement partner.
Tags: personal tax, tax relief act 2010
Posted in Personal Taxation | No Comments »
December 29th, 2010
The recently enacted 2010 Tax Relief Act includes a wide-ranging assortment of tax changes affecting both individuals and business. On the business side, two of the most significant changes provide incentives for businesses to invest in machinery and equipment by allowing for faster cost recovery of business property. Read more.
If you would like more details about these provisions or any other aspect of the new law, please do not hesitate to contact your Keiter Stephens engagement partner.
Tags: corporate tax, tax relief act 2010
Posted in Corporate Taxes | No Comments »
December 29th, 2010
In addition to extending the Bush tax cuts, providing relief from the AMT, and cutting the payroll tax by two percentage points, the recently enacted “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” (Tax Relief Act) extends a host of other important tax breaks for businesses and individuals. Read more.
If you would like more details about these provisions or any other aspect of the new law, please do not hesitate to contact your Keiter Stephens engagement partner.
Tags: corporate tax, personal tax, tax relief act 2010
Posted in Corporate Taxes, Personal Taxation | No Comments »
