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bigstockphoto_Discussion_In_Office_5848976 Frequently Asked Questions for Form 1040 Filers What’s on your mind? Here are some commonly asked income tax related questions by Form 1040 filers. What is the...
bigstockphoto_Finance_5742165 Personal Exemption Phase-out Before 2010, taxpayers with incomes over certain thresholds were subject to the personal exemption phase-out (PEP). The PEP reduced the...
bigstockphoto_Budget___199884 Recent Changes to Itemized Deductions and Personal Exemptions The “Pease” limitation (named after the member of congress who sponsored the bill) reduces the total amount of a higher-income...
bigstockphoto_Us_Capital_1120568 Adoption Credit Enhancements Extended to 2012 Taxpayers who incur qualified adoption expenses may be eligible for the adoption credit or, in the case of employer-provided assistance,...
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    Employer-Provided Child Care Extended

    Posted on June 11, 2011 | 4,283 Comments
    Employers that provide child care facilities may be eligible for a tax credit. Under EGTRRA, employers have been eligible for a tax credit equal to 25% of qualified expenses for employee child care plus an amount equal to 10% of qualified expenses for child care...

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  • bigstockphoto_The_Capitol__Washington_D_C__1690544

    Dependent Care Credit Enhancements Extended by Recent Tax Legislation

    Posted on June 11, 2011 | 3,934 Comments
    Taxpayers who incur expenses to care for children under age 13 or for an incapacitated dependent or spouse can claim a dependent care credit. EGTRRA temporarily increased the maximum amount of eligible expenses for the dependent care credit from $2400 to $3000 (from $4800 to...

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  • Adoption Credit Enhancements Extended to 2012

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  • Employer-Provided Child Care Extended

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  • Dependent Care Credit Enhancements Extended by Recent Tax Legislation

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    • Frequently Asked Questions for Form 1040 Filers
    • Personal Exemption Phase-out
    • Recent Changes to Itemized Deductions and Personal Exemptions
    • Adoption Credit Enhancements Extended to 2012
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