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Tax Law Changes

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Less than two months until tax day! It’s important to find out what changes the IRS makes each year to tax laws that may affect you before filing your . Topics for new tax law changes for individuals for the 2005 tax year are:

* Charitable contributions
* Definition of a child
* Earned Income Credit
* Electric and clean-fuel vehicles
* Empowerment zone stock
* Exemption amounts
* Retirement savings plans
* Social security and Medicare taxes
* Standard deduction
* Standard mileage rates
* Tax rate schedules - 2005

For complete details on these changes go to www.irs.gov.

This entry was posted on Wednesday, February 22nd, 2006 at 8:58 pm and is filed under Trading talk, Discussion boards, Stock market, Stock trading, Mutual funds, Futures and options, Foreign exchange, Day trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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