Changes in 2007 Tax Laws

• Coming soon! There will be an excise tax rebate on telephone bills for both personal and businesses! This rebate will be based upon the income of the individual(s) or business. For more information, contact Kate.

• The ceiling on Capital Gains Taxes has increased. For more information, contact Kate.

• Did you sell your house in 2007? The amount of profit that is not taxed has increased. For more information, contact Kate.

• The amount of deductions allowable for education expenses has increased. For more information, contact Kate.