Not a lot of changes in 2010, and thanks to deflation tax brackets should be static. There are a number of deductions however that will expire. 2011 will be a big year of change though, so some advanced planning in 2010 might be warranted. One of the biggest will be the change in dividend taxes, which will revert from the flat rate of 15% to your top marginal rate. I'd expect dividend stocks to take a hit this year as people dump them for long term growth stocks, which will be taxed at the new 20% capital gains rate.
Also, 2010 will be the last year you can capitalize on the 30% tax credit for energy saving home improvements.
TurboTax? - Summary of Federal Tax Law Changes for 2009-2017
Also, 2010 will be the last year you can capitalize on the 30% tax credit for energy saving home improvements.
TurboTax? - Summary of Federal Tax Law Changes for 2009-2017
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