May 1, 2013 |
The Washington area is taking advantage of the mortgage interest deduction at a higher rate than anywhere else in the country, according to a report by the Pew Charitable Trust. Nearly 37 percent of Marylanders who filed taxes claimed the break in 2010, the highest percentage in the country. They received an average deduction of $4,580, according to the report . Taxpayers who own a home and itemize their deductions can subtract interest paid on mortgage debt from their income.
March 4, 2013 |
This week, I answer readers' questions about birth-control coverage requirements under the Affordable Care Act and subsidized coverage on the state-based health insurance exchanges. Q: Regarding contraceptive coverage, some non-grandfathered plans, while initially offering no-cost contraceptives, have now informed their group members that only certain generic oral contraceptives are covered at no cost. Brand treatments are subject to co-pays. How can they get away with that? ...
January 27, 2013
Tuesday How to Win Small Business Research Grants. This seminar teaches the tricks of winning Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants. 8:00 a.m. to 5:00 p.m., Arlington County Economic Develpment, 1100 N. Glebe Rd., 15th Floor, Arlington. Sponsors: Center for Innovative Technology and Arlington County Economic Development. Cost: $80 to $200. Contact: 703-689-3080. Web site: www.cit.org/events . Wednesday Business Over Breakfast.
January 13, 2013 |
After months of negotiations, Congress passed the American Taxpayer Relief Act of 2012 on Jan. 1, putting off for now worries about a "fiscal cliff. " The bill, which was signed by President Obama on Jan. 2, raised rates for capital gains and estate taxes, while extending a number of tax credits, including those for college tuition, renewable energy, and research and development. Here, a snapshot of local companies — ranging from venture capitalists to railroad operators — that stand to be affected by the...
January 13, 2013 |
Virginia is well known as a top state to start and grow a technology business, thanks in part to policies, investments and incentives promoting research, entrepreneurship and job creation as well as science, technology, engineering and math education. The commonwealth's angel investor tax credit, research and development tax credit, research commercialization fund, capital gains tax exemption and Center for Innovative Technology GAP Funds program are vital to efforts...
January 2, 2013 |
The "fiscal cliff" bill that prevented income taxes from rising for most Americans also renewed special tax breaks for a variety of industries, from Hollywood to wind power, in what has become a perennial ritual on Capitol Hill. The tax breaks, which the Senate included in the legislation that ultimately passed Congress late Tuesday, will end up costing about $100 billion over the next two years. Some of the largest include the research-and-development tax...