November 20, 2008
Study tax deduction before you buy house
Question: My husband and I finally made a decent amount of money this year, and we are going to have to pay a fairly big income tax bill for the first time. We don't own a home so we don't have a mortgage deduction and therefore, we don't have enough deductions to itemize our income tax return. We'd like to save money on taxes, but we don't want to increase our monthly rent expense. Is it really
Divided Senate OKs 9.5 cent rise in gas tax
The package would raise the gas tax by 3 cents a gallon the first year, 3 cents the law, this would be the largest gas-tax increase in state history
There's still time to lop a chunk off your tax bill
Face it: It's too late for better record-keeping to make a difference with your 2005 taxes. If you have a child born before Jan. 1, you can get a bouncy little tax deduction. But the time for planning that was months ago.
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