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Worker, Homeownership & Business Assistance ActCongress has passed and President Obama has signed into law HR 3548, the Worker, Homeownership & Business Assistance Act of 2009. This law extends unemployment compensation benefits. "The extension provides for 14 weeks of extended benefit coverage for every state and an additional 6 wee... |
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Personal Exemption Amount Unchanged for 2010For the year 2010, the personal exemption amount is $3,650 for yourself, your spouse and each dependent you are eligible to claim. This amount is unchanged from the 2009 amount. However there's one significant change for 2010. Unlike previous years, personal exemptions will not be reduced as a pe... |
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Foreign Earned Income Exclusion Increases Slightly for 2010The maximum foreign earned income exclusion for 2010 is $91,500, an increase of $100 over the 2009 maximum.Foreign Earned Income Exclusion Increases Slightly for 2010 originally appeared on About.com Tax Planning: U.S. on Tuesday, November 3rd, 2009 at 06:34:58.Permalink | Comment | Email this ..... |
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Adoption Tax Credit Updated for 2010For the year 2010, the maximum adoption tax credit will be $12,170. The IRS updated this figure as part of their annual update for several inflation-indexed figures as released in Revenue Procedure 2009-50. The adoption credit is scheduled to sunset at the end of the year 2010, and revert back... |
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Retirement Plan Limits for 2010The maximum dollar amounts that can be contributed to various types of retirement plans will remain the same for 2010, according to an announcement from the Internal Revenue Service. The 2010 retirement plan limits will be as follows: Read more...Retirement Plan Limits for 2010 originally appe... |
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New Schedule L for Standard DeductionsThe IRS has released a new tax form, Schedule L, Standard Deduction for Certain Filers (2 pages including instructions, pdf) for use with 2009 tax returns. Taxpayers may need to use this form if they are claiming various additions to their standard deduction, such as the additional standard deduc... |
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