Personal Finance Mastery

Here are 9 Tax Deductions that expired at the end of 2011; for the millions of Americans that use these deductions you will find yourself with a higher tax bill the following Spring when you do your 2012 taxes.
MORTGAGE INSURANCE PREMIUM DEDUCTION
Starting in 2006 new loans that required Private Mortgage Insurance (PMI) and the borrower [...]

Tax season, my favorite part of the year! Not really but if you know how to estimate your taxes correctly at the beginning of the year, there shouldn’t be anything to worry about.  Even though I know how to calculate my taxes, I like to sit down with my Certified Public Accountant (CPA) and see [...]

Part 1 – Red State Rising
American’s are fleeing away from high tax, high government spending, and forced union work states and flocking to low tax, small government, and “Right to Work” states.
A study by the American’s For Tax Reform shows that the congressional reapportionment that comes out of the 2010 Census will be giving many [...]

So what is the Alternative Minimum Tax (AMT)? If you don’t know what it is then you better pay attention because with Congress taking no action so far in 2010 many more Americans will find themselves victims of this tax. The AMT was created in 1969 as a tax against the rich and super wealthy [...]

Halfway through October and still nothing has been done about the impending end of the Bush Tax Cuts.  On January 1, 2011 the United States Tax Code reverts back to 2001 levels – wiping out a decade of lower taxes.  The IRS is anxiously hoping that Congress will do something during the lame duck [...]