Archive for the Tax Category

By now, you have probably heard about the recently-passed economic stimulus package (The Economic Stimulus Act of 2008), the centerpiece of which is the government’s issuance of rebate checks to most Americans. In brief, the measure will bring tax rebates of $600 for individuals and $1,200 for couples to most taxpayers and $300 checks to low-income people. Read the rest of this entry »

Roth IRA’s can be an important part of your retirement savings plan.  Though no tax deduction is available for contributions to a Roth IRA, the investment growth is tax free.  Unlike traditional IRA’s, qualified distributions made after age 59 are completely tax-free, including all investment earnings.  This could result in a significant tax savings in future years. Read the rest of this entry »