Makin' Money

Tax Tip: Know what’s new

Chris Farrell Apr 7, 2011

Tax Tip No. 4: Know What’s New: The tax code is always changing, but there are three important changes for 2010.

Specifically, self-employed individuals may deduct their health insurance costs against both income and self-employment taxes; taxpayers with high incomes don’t have to worry about phaseouts of their personal exemptions and itemized deductions; and the first-time homebuyers tax credit.

NEXT TIP: Slow down

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.