New Link

I've added this link to TaxProfblog in the ongoing struggle to be up-to-date.

AMT

Tax Planning and the Alternative Minimum Tax (AMT). Learn more here from Washington Post and Sebastian Mallaby:

Back in 1970, just 20,000 households paid the AMT. This year 23.4 million are expected to be hit by it.

Tax Benefits of the Conservation Easement

At this link to the Maryland Environmental Trust you will be able to see the tax benefits of a conservation easement.

What is Qualifying Income for Free Tax Prep?

2006 HHS Poverty Guidelines

Persons in Family or Household	48 Contiguous States and D.C.	Alaska	Hawaii
1	$ 9,800	$12,250	$11,270
2	13,200	16,500	15,180
3	16,600	20,750	19,090
4	20,000	25,000	23,000
5	23,400	29,250	26,910
6	26,800	33,500	30,820
7	30,200	37,750	34,730
8	33,600	42,000	38,640
For each additional person, add	3,400	4,250	3,910

SOURCE: Federal Register, Vol. 71, No. 15, January 24, 2006, pp. 3848-3849

Get Your Taxes Done, Free

I will be posting links and info on doing your federal and state taxes.

If you qualify, I will do your taxes free, as a public service. Official U.S government "poverty" income level is the qualification.

For others, $34.95 is all you pay.

I will also be posting tips and links that will make it easier for everybody to do their own taxes.

Have a Great 2007!