From the category archives:

taxes

Howard County Fire Tax Increase

by Andre on May 8, 2012

Howard County Executive Ken Ulman is proposing a countywide fire tax of 17.6 cents per $100 of assessed property value in his fiscal year 2013 budget. The change would increase the fire tax rate by 52 percent for the western part of the county and 30 percent for residents in the east, if approved by [...]

Share

{ 0 comments }

A new bill that would raise capital gains by 2% in Maryland.

by Andre on March 13, 2012

When I first heard about a bill to raise Capital Gains by 2% it made me take a step back. Then I took two steps back when I saw it wasn’t just stocks and bonds. It would be for real estate investments also. Tax people after the economy is back on its feet. It’s like [...]

Share

{ 0 comments }

A special property tax hike to raise money for the schools

by Andre on February 29, 2012

Today Maryland is going to propose a bill to raise property taxes and have the money go to schools. Where I live in Crofton my church uses Crofton Middle School for its services and they are kicking us out next year because of a separation of church and state. Now we pay a lot of [...]

Share

{ 0 comments }

A way to claim $500,000 tax break if spouse dies and you sell your house.

January 3, 2012 Money

This isn’t the most fun topic to start out the New Year to talk about, but if it can save you $250,000 it’s worth it.   Under the current tax code if a single person sells their home they can only exclude $250,000 in profits from the sale of their home but what if your [...]

Share
Read the full article →

10 terrible tax breaks

June 8, 2011 Money

Lawmakers from both parties claim to support vast simplification. So why hasn’t it happened already? Politics, pure and simple. For every ridiculous tax break gumming up the code, there is a motivated industry or voting bloc that will fight to the death to preserve it and plenty of people in Congress eager to help. But [...]

Share
Read the full article →

Friday’s Thoughts April 15th Tax Day

April 15, 2011 Friday's Thoughts

All I have to say is what a way to start the weekend paying my taxes. I know Monday is the official deadline but come on. If I mail my check Monday that is worse than mailing it today, because I will be thinking about it all weekend. So the best thing to do is [...]

Share
Read the full article →

Last minute tax tips

April 6, 2011 Money

If you haven’t filed your taxes by now you probity owe Uncle Sam some money. Here are 30 tax tips that will help you save a buck or two. Tweet This Post

Share
Read the full article →

Friday’s Thoughts Feb 18th tax refunds

February 18, 2011 Friday's Thoughts

Last night around 6pm a relative called me to ask where was her income tax refund. Since I did her taxes for her she thought I would know the status of her refund every step of the way wrong. Here is what I told her check the websites I have listed below and put in [...]

Share
Read the full article →

How the tax code changes could mean a bigger refund for you!!

February 16, 2011 Money

Taxpayers who claim itemized deductions can now begin filing their tax returns. The Internal Revenue Service delayed the filing to allow taxpayers and accounts to deal with a number of new changes that were just approved. People should see a little bit lower taxes based on their incomes. So more income is going to be [...]

Share
Read the full article →

You have 3 more days to pay Uncle Sam for your 2010 taxes.

January 27, 2011 taxes

Tax filing season has officially begun, and this year taxpayers will gain an additional three days to file their returns. Other changes have also been enacted. Due to Emancipation Day, which will be celebrated on April 15 in Washington D.C. this year, the 2010 tax return deadline has been moved to April 18, 2011. A [...]

Share
Read the full article →

← Previous Entries