Tax Tip: Free Tax Guide

Good news for those of us who are not accountants. The IRS has released a free tax guide to help answer your questions. The guide serves as an “overview of common tax issues in one convenient place.”
It covers:

•Plan to Retire at some point? Retirement accounts.
• New baby? Child Tax Credit.
• Sell stock? Capital Gains.

And it’s free! —MEGHANN MARCO

Publication 17 (PDF) [IRS]

Comments

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  1. thatabbygirl says:

    a) I love the cats = tax time running theme. Taxes now have a soft and cuddly connotation for me.

    b) Don’t forget about the EITC (Earned Income Tax Credit). It’s a refundable federal income tax credit for low-income working individuals and families.

    Earned income and adjusted gross income (AGI) must each be less than:
    * $36,348 ($38,348 married filing jointly) with two or more qualifying children;
    * $32,001 ($34,001 married filing jointly) with one qualifying child;
    * $12,120 ($14,120 married filing jointly) with no qualifying children.

    Tax Year 2006 maximum credit:
    * $4,536 with two or more qualifying children;
    * $2,747 with one qualifying child;
    * $412 with no qualifying children.

    Investment income must be $2,800 or less for the year.

    More information and “do you qualify” tool available at: http://www.irs.gov/individuals/article/0,,id=96406,00.html…

  2. J.D. Roth says:

    I have nothing constructive to say. I just love the photo that was used for this post. I can relate. My new cat believes my MacBook is his own personal heating pad…

  3. Xkeeper says:

    Hey, two kitties.

    Also, blah at it being a PDF. Adobe’s “eating 50M of your memory while not even open” applications can suck it.

    (But kudos on noting that it’s a PDF, unlike so many other sites)

  4. jpcarter says:

    @Xkeeper: Oh god, use Foxit Reader! [lifehacker.com]

    I’ve been using it for a couple years and I’ll never go back to Adobe’s bloatware reader.

  5. Anonymous says:

    Catsumerist!

  6. acambras says:

    Hello Kitty!