This issue of the Tax Update Newsletter provides a summary of key changes to the tax code for 2008 and offers ideas to help you reduce your taxes.
In addition to the preprogrammed changes discussed and charted to the right, three federal tax laws passed in 2006 could result in substantially more tax savings when your 2007 tax return is filed. Here is a summary of some important changes for 2007 that apply to many clients.
Local Maryland Tax News HeadlinesMaryland Gov. Larry Hogan Faces Pushback To Proposed $1.45B Budget Cuts WAMU 88.5 The limits of short-term relief Maryland Daily Record Md. High Court Affirms Lower Tax Refund Interest Rate Law Law360 The top 3 state and local tax issues created by remote workers Accounting Today Proposal could raise property taxes in Prince George’s County FOX 5 DC