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026-2005
Year End Tax Planning Tips |
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| 2005
Year End Tax Planning Tips |
As
we approach end of 2005, new tax rules are issued. We are preparing
planning tips for your reference. |
| 1. Shifting itemized deductions
between years. To maximum your itemize deduction; you can make
your January mortgage payment and 2005 property tax payment before
end of year. |
| 2. Checking your withholding
if you’re facing an underpayment penalty. To avoid the penalty,
you must prepay either 90% of your 2005 tax or an amount equal
to 100% of your 2004 tax liability. |
| 3. Paying attention to
the sales tax deduction. Also remember, sales tax on vehicles
can be added to the IRS table amount. |
| 4. Making cash contribution
made between Aug. 28th and the end of the year are exempt from
the limiting deductions to 50% of AGI. |
| 5. Claiming a tax credit
for 10% of the cost of skylights, outside doors, windows and pigmented
roofs, as well as for high-efficiency furnaces, water heaters
and central air conditioners. |
| 6. Buying Hybrid car
in 2006 will bring more tax benefit than you do so in 2005. In
2006, you will get a credit of between $250 and $1,000,depending
on estimated lifetime fuel savings, plus an extra credit of up
to $2,400 that's based on overall fuel economy. For example, Toyota
Prius buyers would get about a $2,750 credit in 2006. |
| We will continue have
planning tips in our articles to help guide you as your plan your
personal and business tax strategies. |
2005年底税务规划 |
| 时值岁末, 有关新税务规划的议题也成为很多人关心的问题.今天,
我们将介绍年末的一些个人税务规划, 为您的合理节税做一参考. |
| 1. 为了最大化分类抵减，可以提前支付2005年的资产税，提前支付2006年初的房屋贷款，取得最大的收入抵减。 |
| 2. 检查自己的个人税预交款。为了避免少缴的罚款，必须在2005年预交90%的当年的应缴款，或是100%的2004的税款。 |
| 3. 慈善捐款有新的优惠.在8/28 和年底之前的捐款,作分类抵减不受50%
AGI 的限制. |
| 4. 对房屋做节省能源的改进可以享受税额抵减.
如果有安装了太阳能,还可以有额外的税务优惠. |
| 5. 推迟到2006年再买环保车享受更大税务优惠.2005
年的$2,000收入抵减将变成税额抵减.这一变化会为购车人节省相当一笔税款. 估计购买Toyota Prius,可省税$3,150；估计购买Hybrid
Ford Escape,可省税$2,650. |
| 我们会逐次向大家提供更多有关税务规划的信息.
如有问题,请联系972-247-6009 或浏览www.pulicpa.com |
