Federal Tax Update:
NBC had an article about seven items that could trigger AMT
Congress is discussing whether to get rid of the taxing of Social Security Benefits
In State News:
Pennsylvania residents are being charged sales tax on clothing items in error
California is considering giving property tax breaks to Space X and similar space companies.
New Jerey’s Superbowl tax on NFL Players
From the Tax Question:
I have a relative who lives with me for the majority of the year and doesn’t earn much. Can I claim my relative as a dependent?
For the main tax topic, the popular items on Schedule A and the Form 1040 to lower your taxable income:
Tax Credits/Income Adjustment
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