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Your Tax Teacher Podcast6In episode 61 of the Your Tax Teacher Podcast, I discuss:

Federal Tax Update:

NBC had an article about seven items that could trigger AMT

http://nbcnews.to/1erkObw

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

http://bit.ly/1j3Bd9F

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:

Charitable Gifts

Property Taxes

Mortgage Interest

IRAs/SEPs

Medical Expenses

Tax Credits/Income Adjustment

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