Tax Saving Tips | Tax Saving Ideas

Taxes What better way to start the New Year then with a review of the income tax changes for 2010? Due to the economic recession, there were not a lot of changes to the tax provisions in 2010.That being said, we will outline changes to Social Security, standard deductions, exemptions, mileage rate deductions, earned income credits, Hope and Lifetime Learning tax credits, as well as changes to retirement savings accounts such as 401k plans, IRAs, and Roth plans.

Federal Income Tax Filing Deadline

The tax filing deadline for the tax year 2009 is April 15, 2010 - which falls on a Thursday. In the remainder of this publication, we're going to be discussing the changes that became effective in the tax year 2010, which will become part of your income tax filing in 2011.