A recent It’s Only Money column in the Oregonian describes how getting a tax refund is essentially giving an interest-free loan to the State or Federal Government. You can match your withholding to your tax liability by adjusting your allowances on form W-4. When considering changing your tax withholding, it is important to separately consider [...]
Category Archive for 'Taxes'
If you made charitable gifts or purchased tax-deductible memberships to any of Oregon’s arts, heritage and humanities based non-profits this year, There’s still time to receive a generous tax credit provided by the Oregon Cultural Trust. The Oregon Cultural Trust is building a permanent endowment fund for culture, providing grant awards to cultural organizations throughout [...]
CCH has published a summary of the 2009 Stimulus bill that President Obama is scheduled to sign Tuesday, February 17th. Significant items include: Making Work Pay: For 2009 and 2010, $400 per person tax credit for AGI under $75,000; phased out to $95,000 (double everything for married filing jointly). One-time $250 payment to Social Security [...]