Married couples filing jointly will be able to take a standard deduction of $11,600. For Singles and Married couples filing separately they can take a standard deduction of $5,800. Other new tax laws in 2012 you can expect in this year are: Lower Tax Rates ExtendedThe 2010 Tax Relief Act extends through the end of [...]
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Tax Avoidance – Getting up to Speed with the New Rules
There is tax evasion, that is illegal and requires that you do things like stash black money away in offshore accounts and bogus companies;and there is tax avoidance, that is just about playin your legal options correctly, to take advantage of tax savings options the law provides you. President Obama is trying to undo years [...]
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