last seen 3 days 38 min agoThe IRS website has documented some highlights of 2007 tax year changes that might benefit you. They include:
- AMT Exemption Increased for One Year
- Extender Tax Breaks Reappear on IRS Forms
- Contribution Limits Rise for IRAs and Other Retirement Plans
- Mortgage Insurance Premiums May be Deductible
- New Rules for Giving to Charity
- Standard Mileage Rates Adjusted for 2007
- Inflation Adjustments for 2007
Please note that all information provided in this forum is not to be considered as tax advice. Always check with a Tax Professional. The information provided is researched and quoted per the IRS website.
I have updated this article to include all the changes for the 2007 tax year.
If I was standing on a fish, I'd slip and fall......