If you are trying to decide where you are going to live after you retire one important thing to take into consideration is income tax. Choosing the right state to retire in can have a huge impact on your bottom line; likewise making the wrong choice can cost you thousands of dollars in taxes. You may not have much control over the federal income taxes you are paying but choosing the right state to live in can have a dramatic impact on the state income tax that you are paying in your retirement. Read Complete Article

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US lawmakers have just approved a $170 billion plan to spur the slowing US economy. The centerpiece of this plan is a “tax rebate”.

Who qualifies?
One-time rebates will be sent to at least 117 million low and middle-income households, 20 million senior citizens living off of Social Security, and 250,000 disabled veterans.

How do I qualify?
To be eligible for the full rebate, a single tax filer must have his/her 2007 adjusted gross income (AGI) below $75,000 and joint filers must have AGI below $150,000. You must also file a federal tax return for 2007.
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