 Unemployment compensation can provide a welcome buffer while you’re transitioning to a new job. But with the help comes a tax effect, because the benefits provided under federal or state laws are usually includable in your income in the year you receive them. (more…)
Posts Tagged ‘state income tax’
Tax Tip Tuesday! Year-end Tax Housekeeping
This year will soon end… but you have a few more days to complete tax tasks before the calendar rolls into 2011. (more…)
The Big 2010 Question: To Roth or Not?
For the first time ever, high-income taxpayers are eligible to convert a traditional IRA to a Roth IRA. Prior to 2010, you could not convert to a Roth in a year in which your modified adjusted gross income exceeded $100,000. (more…)
Don’t Overlook State Taxes in your Tax Planning
To keep more of what you make, tax planning at both the state and federal level is essential. Even if you live in an income tax-free state, you may not be able to escape state taxes entirely. (more…)
