The Sunday New York Times has a special Your Taxes section with a number of interesting articles:
- It Doesn’t Pay to Be in the A.M.T. Zone, by David Cay Johnston:
The Alternative Minimum Tax has become such a money maker that by 2008 its repeal would cost more than repealing the regular income tax.
- You’ll Need a Scorecard for Energy Tax Breaks, by Tim Gray:
The tax credit for buyers and lessees of hybrid cars is just one of several new tax breaks for consumers in the Energy Policy Act of 2005.
- Inheriting? Don’t Forget Your State’s Tax Bill, by Virginia Munger Kahn:
Congress eliminated the federal tax on estates worth up to $2 million, but more than a dozen states have taxes on estates worth under $2 million.
- Firing On All Cylinders? Prove It, by Charles Delafuente:
A new law limits the value of a car donation to the amount that the charity actually receives when it sells the vehicle.
- Mutual Funds Seem Simple, Until It’s Time to Sell, by Robert D. Hershey, Jr.:
For such a conceptually simple way to invest — people pooling their assets for professionals to manage — mutual funds pose a remarkably complex set of issues for taxpayers.
- Cracking the Tax Code, by Edmund L. Andrews:
Anyone who thinks that the federal income tax code is baffling now ought to brace for what lies ahead: big changes and uncertainty.
The best way to untangle the complexities of filling out your taxes is to walk through a sample return, step by step.
- Tax Tips: A Hobby That Yields a Harvest, by Jan Rosen:
Some tips for saving money on your tax return.
- Review: The Software You Buy Vs. the Free Stuff, by Paul J. Lim:
Are tax software programs still worth the cost in this era of free Web-based help?
