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 HeadlinesExistentialism and the Maryland tax office, revisited Baltimore Sun
A reader's absurdist quest for answers from the Maryland State Department of Assessments and Taxation comes to an unlikely end.Editor's Notebook: Maryland should require fee free electronic tax filings; Enjoy the people behind the holidays CapitalGazette.com
Comptroller Peter Franchot is promising Maryland taxpayers faster refunds and stronger protections against fraudulent returns after the state implements a new, ...New Maryland tax law encourages hunting and charity Port Huron Times Herald
A new Maryland law gives hunters a tax credit when they donate a deer to feed the needy and pay for processing.Maryland comptroller promises taxpayers faster refunds, better service with new computer system Baltimore Sun
Comptroller Peter Franchot is promising Maryland taxpayers faster refunds and stronger protections against fraudulent returns after the state implements a new, ...Maryland’s Amazon loss prompts questions about its competitiveness Washington Post
Montgomery County “has lost its competitive edge in the region,” one economist says.