President Obama made a new offer to the Republicans yesterday in the fiscal cliff negotiations. The President said he’ll extend Bush era tax cuts for households making less than $400,000, he’d previously drawn the line at $250,000.
Can moving expenses be written off of your taxes if you relocated to be closer to your mate? How should you report a large gift to a non-dependent? Financial expert Louis Barajas answers listeners' questions related to end-of-year filing.