Most taxpayers don’t need to worry about the new additional 3.8% tax on net investment income, or the additional 0.9% Medicare tax. These taxes only apply to individuals (and estates and trusts) that have income over certain levels. You generally won’t pay either of these taxes unless you make over $200,000 in one year. If […]
Moving Expenses: What’s Tax Deductible and Nondeductible?
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Did you move because of a change in work location last year? If so, you can offset some of the expenses related to your relocation by taking a tax deduction for the costs that meet certain qualifications.
