10 new tax laws you need to know - Mercedes-Benz Forum

LinkBack Thread Tools Display Modes
post #1 of 3 (permalink) Old 01-12-2007, 10:20 PM Thread Starter
Jakarta Expat's Avatar
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)
10 new tax laws you need to know

10 new tax laws you need to know

Wednesday January 10, 6:00 am ET
Kay Bell

Since 2006 was an election year, it's not surprising that lawmakers spent much of it creating and adjusting tax laws. Now, as taxpayers put these new measures into practical effect by filing their annual returns, many will find changes that produce some nice tax savings.

Tax-law winners range from environmentally conscious homeowners and motorists to teachers and college students. Even folks who simply rang up long-distance friends and family get a tax break this year.

Other taxpayers, however, will find some of the changes costly. Americans who work abroad are likely to end up with a larger tax bill this year. So are parents who opened investment accounts in their children's names.
To help you determine whether you'll be a winner or loser in this year's annual filing game, check out these 10 tax changes. Even if they don't apply to your 2006 return, they could give you a head start in planning your 2007 tax-saving strategy.
New laws to know
These major changes in the tax code can make a difference for people filing their 2006 returns -- or doing their 2007 tax planning.
Some will help you save money, while a few could cost you, in paperwork as well as cash.
10 big tax law changes 1. Telephone tax credit
2. Multiple direct deposit option
3. Energy-saving home improvements
4. Alternative fuel auto credit
5. Tougher donation rules
6. Older philanthropist options
7. Kiddie tax tightened
8. Foreign income adjustments
9. Rolling over retirement money
10. Old deductions are new again

Entire article is too long too post here and for details regarding ech change above please see this link
10 new tax laws you need to know: Financial News - Yahoo! Finance

Before anybody (Shane) makes comments about "why do I care" although I have not lived there for more than 17 years but I do still file every year and depending on the year I either do not pay or pay next to nothing or very little taxes, I do care so I am posting this to help someone that might have missed it.
Jakarta Expat is offline  
Sponsored Links
post #2 of 3 (permalink) Old 01-12-2007, 10:57 PM
BenzWorld Elite
elau's Avatar
Date registered: Oct 2002
Location: Maryland
Posts: 5,392
Mentioned: 0 Post(s)
Quoted: 4 Post(s)
Yeah, what's new? Someone has to pay for Bush's folly. The new tax law supposedly save the Government billions of dollars. That will give Bush a few more weeks to play in Iraq.

Fuck it. The way it goes, they may as well come take everything. Save me time to haul this shit out.

'95 R129
'04 G35.5 BS
'10 X204
elau is offline  
post #3 of 3 (permalink) Old 01-12-2007, 11:10 PM
BenzWorld Elite
Date registered: Dec 2005
Vehicle: 1993 300SEL (Sold) 2001 530i (Sold) 2008 C250
Location: Auckland, New Zealand
Posts: 7,217
Mentioned: 0 Post(s)
Quoted: 7 Post(s)
Hmmm kinda makes the phrase "Land of the free" seem kinda stupid, I think you should change that line in your national anthem to "Land of the fee"
NZ Benz is offline  
Sponsored Links

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply

Register Now

In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode

    Similar Threads
    Topic Author Forum Replies Last Post
    Tinted Window Laws in Reading, PA? jka W210 E-Class 2 12-12-2006 04:17 AM
    Selling mthr-in-laws SL--need info wolke9 R/C107 SL/SLC Class 2 04-29-2005 10:45 AM
    New DUI laws in Texas tiggerfink Off-Topic 16 03-08-2005 12:11 PM
    LAWS, they suck in NYC HotGQ161 W203 C-Class 0 06-06-2004 08:41 AM
    DISOBEY TRAFFIC LAWS AND GET DEAD. arizona R170 SLK-Class 2 02-28-2003 12:46 AM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On


    Title goes here

    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome