Month: March 2013

AMT rules become permanent

Perhaps you’ve heard about the permanent patch for the alternative minimum tax (AMT), which was part of the new tax legislation that became law in January. The change eliminates the need for the annual wait for Congress to “fix” the…

Some tax breaks were extended for 2012

Wondering what tax rules survived the fiscal cliff debates? Here are tax breaks you can still count on while preparing your 2012 federal income tax return. Educator expenses. If you’re a teacher and you spend your own money on classroom supplies,…

March due dates for businesses

When it comes to deadlines, March is to your business what April is to your personal taxes: a time of due dates and decision-making. Here are three business-related tax events to keep in mind for 2013. Late filing penalties. If you…

Run the numbers before doing a “no-cost” refinancing

Run the numbers before doing a “no-cost” refinancing When lenders admonish you to refinance your mortgage because “interest rates are at historic lows,” they aren’t kidding. Just ask anyone who lived through the late 1970s when mortgage interest rates climbed…