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Tax credits and home purchase incentives loom for taxpayers
Taxpayers may claim a 30 percent personal exemption credit and an earned income credit for workers with children under an $8,000 income. A home purchase credit of up to 2,000 at 5 percent of the price, plus eligibility for co op and mobile homes, is outlined along with changes to the standard deduction and itemized deductions. Also notes on deductions for job seeking expenses and charitable or medical costs. Actress Sophia Loren and her son Carlo Jr. attend a Tom Jones show in Paris.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
IRS
Larry Batsdorf
Sophia Loren
Carlo Jr
Tom Jones
Palais Des Congres
Paris