Word: deductionism
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COLLEGE-TUITION DEDUCTION Tuition and fees are up at most colleges and universities, but at least you can write off more of these expenses in 2004. The college-tuition deduction increases from $3,000 to $4,000 this year if your income is less than $65,000 ($130,000 if...
RETIREMENT SAVINGS PLANS Your first New Year's resolution should be to ramp up your retirement savings. Given that you don't pay taxes on money in qualified plans until you take it out, you should stash your cash there instead of giving it to the IRS. As Jeff Kelson...
for using a handheld cell phone. Nice idea, but it's had mixed results elsewhere. In Hong Kong, a maximum $257 penalty introduced in 2000 has done little to change bad habits; up to October, 5,035 fines were issued, compared to 3,818 for all of last year. In...
If you want to take a charitable deduction for 2003, you have to wrap up your giving by midnight on Dec. 31. Here's a guide to documenting the gifts.
commuter deduction - from 40? per km to 30? - has big carmakers seething. "It's definitely not positive for the car industry," said Thomas Mickeleit, spokesman for Volkswagen. On the plus side, Harald Grunert, who owns three restaurants, said he thinks the Chancellor's plan to cut long-term jobless benefits...