At no time in the history of the United States has the tax code changed so rapidly, in such a short period of time. With many changes to business and personal income taxes as well as other tax concerns, it is important to stay on top of the ever-changing tax landscape.
In the next few weeks I will attempt to cover most of the major personal and business tax changes that have either gone into effect in 2010, or that will be implemented in 2011.
Some of the major topics I will cover for businesses will include:
The Hire Act
"Universal Health Care"
First year bonus depreciation (168k)
179 bonus depreciation
Some of the major personal topics I will cover include:
Capital Gains rate changes
Tax bracket changes
Education benefits changes
Many expiring tax credits
AMT tax changes
IRA distribution changes
So if anyone would like information regarding a specific tax credit, or tax concern, please let me know.