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Monthly Archives: December 2010
RMDs – Don’t Forget Your Required Minimum Distributions For 2010 By December 31st!
If you are age 70 1/2, Don’t forget to take out your RMDs for 2010 from your IRAs before 12/31/10!
Tax Tip: New Tax Law Passes 12/17/10| Tip of the Week| December 22, 2010 | No. 22
Highlights of Proposed Legislation – Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 – HR 4853
Continue reading
Home Improvement Tax Credits
As the end of the year approaches, so does the end to some tax credits for energy-saving home-improvements. If you plan to take advantage of some of those credits, you will need to act fast. All improvements must be in place and the equipment in service by December 31, 2010 to qualify.
Tax Tip: HSAs (Health Savings Accounts) – RIP?| Tip of the Week | December 1, 2010 | No. 19
Health savings accounts are great vehicles for accumulating funds for qualified health care expenditures on a pre-tax basis. Workers with high-deductible health insurance coverage and that have set up an HSA can contribute up to $3,050(individuals) and $6,150 (families) for the year 2010 by December 31, 2010. Continue reading
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