Obama's Weekly Address: It's Time for Congress to Pass the Middle Class Tax Cut Extension

President Obama calls on Congress to act now to extend tax cuts for the 98 percent of Americans making less than $250,000 for another year.





Are you in agreement with President Obama on this one?

Weekly Address: Tax Cuts and Unemployment Insurance

With President Obama visiting troops in Afghanistan, Vice President Biden says Congress must extend both the middle class tax cuts and unemployment insurance for the sake of those families and the broader economy.

Five Items to Keep in Mind When Filing 2008 Taxes

I have less than a month to file my 2008 income tax return. As such, I was glad to come across a post from a former AfroSpear member entitled, 'Five Items to Keep in Mind When Filing 2008 Taxes'. The tax law changes you may want to note before filing your 2008 federal tax return include:

1. Expiring Tax Breaks Renewed
2. Standard Deduction Increased for Most Taxpayers
3. Contribution Limits Rise for IRAs and Other Retirement Plans
4. Standard Mileage Rates Adjusted for 2008
5. Kiddie Tax Revised

You can see more details on these five tips here.

Have you filed your return yet? Or do you wait until the last minute as well?