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Did you know that PMI on mortgage loans
taken out after 01/01/2007 are tax deductible if you earn less than
$55,000 ($110,000 for a married couple)?
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If you live in Florida and buy a car or
boat and can itemize, you can deduct the sales tax this year?
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If you are self-employed for the first
time, you must make estimated taxes to cover both income tax and social
security tax?
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If you started a corporation, you must set
yourself up on payroll - or the IRS will do it for you retroactively with
huge penalties and interest?
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If you are getting married or divorced this
year, your filing status will be determined for the whole year based on
your position on the last day of the year?
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You can get a sizeable tax deduction if you
invest in domestic oil and gas infrastructure?
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If you sold a property or some stocks with
a sizeable capital gain, you could be subject to Alternative Minimum Tax
of 28%?
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You can set up an IRA,
SEP/IRA or Simple IRA after the year and claim a deduction for the prior
year and pay for it with your income tax refund provided the transaction
is completed by April 15?
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You can install hurricane
or solar window treatments, or purchase certain solar paneling or
upgrade your heating/cooling system to a more energy efficient one and
get a tax credit for up to $500.00 in 2006 & 2007?
