2011 Tax Changes

I attended the Financial Planning Association’s 2011 Current Tax Issues and Planning Strategies Seminar last week.  Below are some items of interest: Individual tax rates will remain 10%, 15%, 25%, 28%, 33%, and 35% through December 31, 2012loans idaho Itemized deduction phase out and personal exemption phase out will remain repealed through December 31, 2012 The ability to deduct state and local sales tax in place of state and local income tax is extended through [...]