Word: next
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...expect to be in a much higher tax bracket next year, however, you should do the opposite. Ditto if you'll get hit with the alternative minimum tax in 1999. Before making any move, in fact, you should consult a tax pro to figure out if the amt applies. Once only the superrich were vulnerable, but now many upper-middle-class taxpayers get hit. Warning signs include a very large mortgage, stock options that you've exercised or large business-related deductions...
...fence about taking the standard deduction or itemizing, you might consider a strategy, known as bunching, in which you defer deductions one year, accelerate them the next, and so on. That allows you to benefit from itemizing every other year while taking the standard deduction in between...
...that if your IRA's value is much lower now than when you originally converted. It can save a bundle in taxes. You lose the ability to spread the tax over four years, but you can approximate that benefit by converting a fourth of your portfolio each of the next four years...
...your job and now derive income from consulting or serving as a board member, for example, you are eligible to open a Keogh by contributing, on a pretax basis, 25% of your earnings up to $30,000. Once the account is activated, you have until you pay your taxes next year to fund...
...school administrator in Wappingers Falls, N.Y., he took some computer classes at a local college, brushed up on his cooking skills at the Culinary Institute of America and began golfing more regularly with friends. His wife Marge, 55, a fifth-grade teacher, won't be eligible to retire until next June...