For individuals in the Puget Sound area, these are some of the main parts that will affect us:
1) Marriage penalty is gone for couple’s earnings under $400k. In the old law, two individuals making similar incomes would be penalized by getting married and then being taxed at the joint rates. Now, the single rates are essentially doubled up to $400k for married tax rates. Great for dual income families.
2) Child tax credit has increased and phase-out begins at joint incomes over $40...
What a strange blogpost from an accounting firm you may say. But in this time of climate change and uncertainty in the economic future (i.e. energy prices), we need to protect our children’s dreams and our retirement funds! With the current Federal and WA state incentives, 80% of the cost of solar can be recouped within 8 years. Add in the savings of free electricity, and you will break even at the longest in 8 years. But before we can consider your home as viable for solar, we need to che...
