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Surviving Spouse Home Sale Exclusion Extension Health Savings Account (HSA) Basics Removing Economic Stimulus Deposits from Tax-deferred Accounts |
Used Vehicle Donation Rules There are strict rules for charitable contributions of used motor vehicles, boats, and airplanes that apply to donations Tax Calendar July 15—If the monthly deposit rule applies, employers must deposit the tax for payments in June for social security, Medicare, withheld income tax, and nonpayroll withholding. Financial Websites The University of Pennsylvania offers an extensive directory of finance and investment websites for your personal use. Surviving Spouse Home Sale Exclusion Extension Married taxpayers filing jointly can generally exclude from federal taxation up to $500,000 ($250,000 for unmarried taxpayers) of the gain from the sale or exchange of their residence. Health Savings Account (HSA) Basics Most of us like to take advantage of every available tax break. So, if you are eligible for a Health Savings Account (HSA), now might be a good time to start one. Removing Economic Stimulus Deposits from Tax-deferred Accounts The Economic Stimulus Act provides a tax rebate to eligible individuals based on their filing status and income. |
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to this month's edition of the Tax and Business Alert. Our goal
is to provide you with current articles on various tax and business
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issues that may impact your business and personal financial affairs.
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valued at over $500. If these rules are not met, a taxpayer cannot claim a charitable deduction.