Browsing all posts in January, 2009.

State Tax Law

Federal income tax is not the only tax that has to be paid by US citizens. Each individual state has a set of tax laws and they each carry out their own individual methods for charging those taxes to people living there. Most states require you to pay your taxes annually. They are to be [...]

New Tax Law - Credit For First Time Home Buyers

There is a new tax law for some people who have purchased a new home in 2008. This is a credit which is actually a temporary credit. What that means is that after two years of claiming the credit, you will be required to begin paying it back. Whilst this may sound like a good [...]