What’s New: Tax Tips 2010

Tax Tips for 2010

Congress Passes Two-Year Extension of Bush-Era Tax Cuts, Payroll Tax relief, Estate Tax Compromise.

Highlights of the Obama Tax Compromise:

  • Reduced individual tax rates
  • Reduced capital gains/dividend tax rates
  • $1,000 child care tax credit
  • Education incentives
  • Two-year AMT patch
  • Payroll tax cut
  • 100% bonus depreciation
  • Business extenders
  • Energy incentives
  • Estate tax relief