Bush Tax Cuts Extended. . . . What it Means for You. . .

Welcome to the first of my weekly updates and suggestions to make your life easier and pay as little in taxes as necessary.

As you probably have heard, unless you have been on vacation and away from the net, Congress has decided not to raise our taxes next year. The important part for all of us is that nothing major has changed. The rates for 2011 will remain the same as in 2010. If you have specific questions, please do not hesitate to contact me. But now we can plan for the end of the year.

As always, accelerate deductions and defer income. Some examples:

1. If you have the option to receive a bonus in December or January, elect January.
2. Pay your mortgage interest payment for January in December, just make sure the bank gets the payment before 12/31 or it won't be reported to the IRS. 
3. Make your 4th California estimated payment (due 1/15) in December,
4. Pay the second half of your property taxes.

Check back next week and each week hereafter. As always, thanks for listening...