Posts Tagged "Wedding"

Tweet shorts

Posted on Dec 6, 2012

All of the following are under 140 characters for tweets: *December 17 is the due date for calendar-year corporations to pay the last installment of 2012 estimated income tax. *December 31 is the deadline for paying expenses you want to deduct on your 2012 income tax return. *December 31 is the deadline for completing 2012 tax-free gifts of up to $13,000 per recipient. *Planning a wedding or divorce? Your marital status on December 31 determines your tax filing status for all of 2012. *Unless Congress passes an extension, the 2% cut in payroll taxes for employees ends after December 31. *The child tax credit, currently at $1,000 per child under age 17, is scheduled to be reduced to $500 next year. *Get the documentation you’ll need for all your 2012 charitable contributions, or you risk losing your deduction. *The IRS is relaxing the rules for victims of Hurricane Sandy, allowing them to access money in their retirement...

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Consider your marital status

Posted on Oct 9, 2012

If you’re planning a wedding or divorce soon, be aware that your marital status as of December 31 determines your tax status for the whole year. Changing the date of a year-end or new-year event could save...

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