Quotations
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Mark Steber Quotes
«This means that a couple with a joint taxable income of $80,000 this year will have $13,336 in tax, saving $145 from the previous year. Also, the standard deduction for married couples filing jointly has increased to $10,000 in 2005, from $9,700 in 2004. This change will be most significant for couples that do not itemize their deductions.»
Author: Mark Steber
«The AMT is not just a tax that rich people pay anymore.»
Author: Mark Steber
«I'm constantly surprised how many people don't realize that if you're self-employed today, you're able to deduct 100 percent of the health-insurance premiums paid for yourself and your family.»
Author: Mark Steber
«It's a myth that it's too late to get your return done.»
Author: Mark Steber
«You won't have to worry about the stamp falling off.»
Author: Mark Steber
«It's important to get started early, get organized and use all the tools at your disposal to maximize the size and speed of any tax refund you may get.»
Author: Mark Steber
«If you owe money, it's just as important to be organized and get started early to reduce the amount of liability and find overlooked deductions.»
Author: Mark Steber
«It's a year of limited big tax changes, but an awful lot of smaller changes that affect a lot of taxpayers.»
Author: Mark Steber
«Non-cash donations are one of America's most overlooked tax deductions.»
Author: Mark Steber
«Many times, certain deductible expenses are overlooked. Be sure to keep track of all of your travel expenses, including transportation, parking fees, ferry fees, tolls, lodging, meals and other incidental expenses. An important point to remember about military differential pay is that while the income is taxable, this pay is not considered wages and is not subject to Social Security and Medicare taxes. So it's important that military taxpayers ensure that their employers treat these earnings correctly.»
Author: Mark Steber