Category Archives: Taxes

Federal Estate and Gift Tax Changes

Posted on June 7, 2011 by admin

The tax legislation enacted in late 2010 has five significant components: 1)      The federal estate tax exemption for individuals dying in 2011 and 2012, is $5 million with a federal estate tax rate of 35%.  Beneficiaries  who receive assets from … Continue reading →

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Haste Makes Waste: How to Earn a Higher Tax Refund

Posted on April 6, 2011 by admin

When the deadline to file Massachusetts state taxes and federal taxes begins to loom, many people overlook many deductions that could earn them a higher refund.  The most overlooked deductions, according to the Boston Globe article, are child care expenses. In order … Continue reading →

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Punish the Prompt?

Posted on February 9, 2011 by admin

The delay on tax refunds will mostly affect tax payers who are not waiting until the last minute to file their returns, and who would normally receive refunds earlier. Continue reading →

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