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]
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@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.




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...