SKR+Co Alert: Tax Brackets, Credits, and other COL Changes in 2012, Plus New Seminar!
November 18, 2011
The IRS' 2012 Cost of Living Adjustments
Recently, the IRS released most cost-of-living adjustments for 2012. With inflation now a little higher than it has been, some amounts that haven’t risen in recent years are increasing for 2012, and others are increasing by larger sums. Still, there are many amounts that will stay the same as they were for 2011. This article provides an overview of important 2012 amounts related to individual income taxes, education- and child-related tax breaks, retirement plans, and gift and estate taxes.
Understanding Your Individual Tax Return
You are invited to our next seminar: "Understanding Your Individual Tax Return."
DATE: Tuesday, Dec. 6, 2011
TIME: 3:00-4:30 p.m.
LOCATION: The Fine Arts Center
Judy Kaltenbacher, CPA, Managing Tax Partner
Doreen Merz, CPA, Tax Manager
Jordan Empey, CPA, Supervising Tax Senior
For additional information and
to Register, Click Here
Please note: Although this seminar is free, space is limited so please register today if you plan to attend.
Buying a Vehicle for your Business?
It's a good time to shop for a new vehicle. Thanks to the 100% bonus first year depreciation deduction under the 2010 Tax Relief Act, if the vehicle is going to be used for business, there are significant tax advantages to consider. In general, for cars purchased after September 8, 2010 and before January 1, 2012, taxpayers get a depreciation deduction in the initial year equal to 100% of the cost of the new vehicle.
Click Here for more information.
If you have any questions or comments, please feel free to contact us at (719) 630-1186 or through our Secure Email.