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Tax Topics & Tips

	Home Buyer Credits for 2009 and 2010 Home Improvement Energy Credit for 2009-2010 Mortgage Insurance Deduction for 2007-2010 2008-2010 Kiddie Tax Ages Rise Capital Gains Rate Change for 2008 - 2010
More Tax Tips
	Estate Tax Planning Health Savings Accounts can lower your taxable income Receipts required now for ALL charitable deductions New rules for car donations Tax records to keep Tip reporting made easy IRS Refund scams Flood loss deductions must be more than 10% of your income Nonprofit Reporting Rules to Claim Dependents Massachusetts’ Residents – Proof of Health Insurance Gain on Home Sale for Surviving Spouse
Prior Tax Tips
	The “Making Work Pay” Stimulus Credit and Benefit/Retiree Credits - 2009 Foreclosure Debt Relief for 2007-2009 AMT Temporary Fix for 2007 (also 2008) Teachers’ Deduction Extended for 2007 & 2008 Kiddie Tax Rules, new in 2007 Credit for energy-efficient home improvements for 2006 and 2007

Note: information contained in these articles was correct when it was written but tax rules may have subsequently changed. Please speak to your tax professional at Salem Tax & Financial about any of the items that interest you.