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TAX TIPS FOR 2009 RETURNS
- MAKING WORK PAY CREDIT
Is a credit employees are already getting in the paycheck.
Self employed workers will get credit on their tax returns.
A new schedule M has been added to figure the credit.
- EARNED INCOME CREDIT INCREASED
For families with three or more children.
- FIRST TIME HOME BUYERS CREDITS
Get $8000 from IRS and $1800 from Georgia.
- CREDITS FOR QUALIFIED TUITION
New, Higher Education Tax Credits for College Students.
- RESIDENTIAL ENERGY CREDITS
Save up to $1500 with the 2009 Federal tax credit for Qualified energy efficient home improvements.
- BIG ROTH IRA CHANGES
In 2010 the IRS will do away with income restrictions so everyone will be eligible to convert to ROTH.
You can spread the taxes due over 2-years(2011/2012).
- TAX TIPS FOR THE UNEMPLOYED
First $2400 of unemployment is excluded from 2009 income.
Don't forget job seeking expenses may be deductible.
Even mileage so keep track!
To get tax forms, go to http://www.irs.gov
or come by one of our offices - see our locations or call 1-800-829-1040
To contact GA Department
of Revenue
Website http://etax.dor.ga.gov
Telephone refund inquiry 1-877-423-6711
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