Tax Tips 365

Income

  1. Ask about basis when inheriting property.Free
  2. Avoid tax on savings bonds interest.Free
  3. Avoid the wash sale ruleFree
  4. Capitalize on nontaxable income.Free
  5. Do you qualify for homeowner property tax rebates?Free
  6. Don’t overreport bond interest.Free
  7. Get an advance of the earned income credit.Free
  8. Good news and bad news for domestic partner’s health coverage.Free
  9. Increased income limits for IRAs for 2008Free
  10. Increased income limits for Roth IRAs for 2008Free
  11. Increased IRA contribution limits for 2008Free
  12. Keep track of your tax carryovers.Free
  13. Nail down a loss for a worthless security.Free
  14. Need cash? Borrowing money won?t your increase income.Free
  15. Pay your own premiums on a disability policy.Free
  16. Tax-free dividends?Free
  17. Tax-free income from a vacation home.Free
  18. Wait until after June to buy short-term certificates of deposit (CDs)Free
  19. Year-end sales of securitiesFree