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Additionally, since moving into their new home, the Mohan's taxes have increased from around $2,000 per year to $4,750. The legislation signed by Governor Crist today will reduce their taxes by $350 per year. With the additional savings brought with the approval of constitutional amendment and the super homestead exemption, the family would save nearly $3,100 per year, with their 2008 tax bill being $1,300.
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PHILADELPHIA, Dec. 2 /PRNewswire/ -- April 15 may be the best-known tax date of the year, but if you want to save on next year's taxes the Pennsylvania Institute of Certified Public Accountants recommends that you start planning in December. Here are 10 tasks to consider before year-end to minimize your 2003 tax bill.
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Raising taxes is nothing new to liberal tax-and-spend Democrats. The U.S. Congress rejected the settlement with the tobacco industry that was an attempt to address youth smoking and instead proposed to impose a HALF A TRILLION dollars in new taxes and to create 17 new bureaucracies to control another American industry. That effort, too, was defeated in Congress as the McCain Bill became bloated with extravagant spending that had nothing to do with smoking.
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Good financial and tax planning involves year-round activity, but for many taxpayers it takes that April 15 filing deadline to seriously focus on taxes. The good news is that it's not too late to cut the cost of the 2002 tax bill, and it's not too early to start thinking about cutting taxes in 2003.
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Many people can use the 1040EZ tax form instead of the more complicated 1040 to calculate their taxes. Containing only seven required inputs, the 1040EZ is one of the quickest forms to calculate your tax bill.
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