Posts from 2010

  • The 2010 Tax Relief Act Early this morning, the U.S. House of Representatives passed a tax bill extending the so-called Bush-era tax cuts as well as making law a first-ever reduction in the payroll tax, albeit for only a one-year period. Following is a summary of the major provisions of the bill. ... Continue Reading
  • Highlights of the Small Business Jobs Act of 2010 Highlights of the Small Business Jobs Act of 2010 The House and Senate passed the “Small Business Jobs Act of 2010” and the President signed the bill today. Here are some highlights from the bill: Dollar amounts for “Section 179” Expensing Liberalized For tax years beginning ... Continue Reading
  • First-Time Homebuyer Credit has Expired as of May 1, 2010 Absent further Congressional action, both the regular $8,000 first-time homebuyer credit and the reduced $6,500 credit for long-term residents will generally expire for homes purchased after April 30. The current provision extended the first-time homebuyer credit to apply to ... Continue Reading
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