NEW FOR 2007 RETURNS

• Child Credit still at $1,000 per child under 17. It is non-refundable and will only reduce taxes owed.
• Additional Child Tax Credit allows you to receive a refund even if you don't owe.
• Extention of 15^ rate for dividend + capital gains until 2010.
• New Energy Credits in 2006 and 2007 for homeowners that purchase skylights, outside doors, windows, high efficiency furnaces, water heaters, etc.
• New home buyers will get deduction for mortgage insurance premium.
• Homeowners get credit for heating/water solar system excluding pool and hot tubs.
• Qualified businesses still get 3% deduction for 2007.
• IRS is getting stricter! Every deduction on your return must have check or receipt to back it up.
• Maximum IRA contributions stays at $5000 for everyone except those over 50.
• Sales Tax, College Tuition, and Educator expenses are still deductible through 2007.
• Standard business milleage increased to 48.5 cents per mile for 2007.
• Pay your estimates electronically-go to http://www.eftps.gov

To contact IRS

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 www.state.ga.us/departments/dor
Telephone refund inquiry (404) 656-6286