December 2007 - Posts
STANDARD MILEAGE DEDUCTION
The 2007 rate for business use of your vehicle is 48.5 cents a mile. The 2007 rate for use of your vehicle to get medical care or to move is 20 cents per mile.
TELEPHONE EXCISE TAX CREDIT
This
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ALTERNATIVE MINIMUM TAX (AMT) EXEMPTION AMOUNT DECREASED
The AMT exemption amount is decreased to $33,750 ($45,000 if married filing jointly or a qualifying widow (er); $22,500 if married filing separately. At
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Tax Benefits that were set to expire in 2006 but were extended for the 2007 filing season
Deduction for educator expenses
Tuition and Fess Deduction
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