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Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Producers of the Allstate Gospel Superfest

The Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!- Jacksonville, Memphis & Washington, DC Chosen to Host the 2014 Competitions -(BLACK PR WIRE) – Cincinnati, OH – Producers of the Allstate Gospel Superfest will conduct its sixth annual new talent initiative in three major U.S. cities this coming…

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Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Charlotte, NC (BlackPR.com)

Dorothy Buckhanan Wilson of Milwaukee, Wisconsin, a business executive, was installed as the 2014-2018 International President of Alpha Kappa Alpha Sorority, Incorporated (AKA)

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Nielsen Expands Communications Leadership Team with Key Media Relations Hire

Nielsen Expands Communications Leadership Team with Key Media Relations Hire

New York (BlackPR.com)

New York (BlackPR.com) -- Nielsen today announced that Andrew McCaskill has joined Nielsen as Senior Vice President, Corporate Communications. He will report to Chief Communications Officer Laura Nelson.

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Voter Suppression: It’s Mobilization Time

Voter Suppression: It’s Mobilization Time

Written by Peter Grear

With this article we will start detailing the ingredients of a revisable action plan that needs comments and revisions as we move toward the Tuesday, November 4, 2014 General Election.  

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Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

WHEN THE HUMOR IS GONE

James Bean has shown insight and understanding of the darkest moments of many people’s lives as well as ideas on how one could begin to create a life worth living even out of the depths of despair.” -– Rhonda Duncombe, LMFT, LADC

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Voter Suppression: NC Black Republican Advisory Board

Voter Suppression: NC Black Republican Advisory Board

Written by Peter Grear

Educate, Organize and Mobilize: I confess that I’m amazed. The Republican National Committee and the Republican Party of North Carolina announced last week that they have launched theNorth Carolina Black Advisory Board (BRAB) 

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Tips for Managing Stress in Your Life

Tips for Managing Stress in Your Life

Written by State Point

Stress is not only unpleasant; it can be overwhelming, ultimately preventing you from solving the problems that caused the stress in the first place. But getting focused can help you feel happier and be more successful professionally, financially and in your relationships, say experts.

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Voter Suppression: Defeating it requires two massive efforts

Voter Suppression: Defeating it requires two massive efforts

Written by Peter Grear

For black voters, Benjamin Jealous expressed what I believe to be the critical message for black voters when he said that the best way to overcome massive voter suppression is through a massive wave of voter registration.  Thankfully, the NAACP is putting this theory into action through the Youth Organizing…

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Black Women are Taking Care of Business

Black Women are Taking Care of Business

Written by Freddie Allen

Instead of breaking the glass ceiling, Black women have increasingly started making their own. According to the Center for American Progress, an independent, nonpartisan progressive institute, Black women are the fastest-growing group of entrepreneurs in the country.

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Voter Suppression: Is it partisan?

Voter Suppression: Is it partisan?

Written by Peter Grear

Educate, Organize and Mobilize: I’ve been doing commentaries on our Campaign to Defeat Voter Suppression since November, 2013.  Because the right to vote is fundamental to our democracy, I’ve tried to promote a non-partisan theory of voter enfranchisement. 

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Why vote? ALEC and the Doctrine of Exclusion

Why vote? ALEC and the Doctrine of Exclusion

By Peter Grear

Educate, Organize and Mobilize: Frequently, in going forward it is imperative to examine your history.  In 1638 the Maryland Colony issued a public edict encouraging the separation of the races that became the public policy of America. 

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Download Greater Diversity News Digital PDF Edition for FREE

Download Greater Diversity News Digital PDF Edition for FREE

FREE Full PDF Edition includes stories not featured on the website

The FREE Full PDF Edition includes stories not featured on the website. No paper, no hasel, read on your laptop or mobile devices. 

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Professor Offers Tips on Saving Money with New Tax Credits and Deductions

Written by Butler University on 25 March 2010.

To save money on your taxes this year, you’ll need to know the new deductions and tax credits included in the American Recovery and Reinvestment Act of 2009.

“The tax code changes every year,” says Bill Terando, an associate accounting professor at Butler University. “But in light of the recession, the most recent changes seem designed to reduce our taxes so we have more money to spend" — and stimulate the economy. These changes break down to five main areas:

1. Work. In 2009 and 2010, the Making Work Pay provision will provide a refundable tax credit of up to $400 for working individuals and up to $800 for married taxpayers filing joint returns. You qualify if you receive a paycheck and are subject to withholding. Employers will typically handle this through changes in withholding tax tables.

The new law also increased the exclusion for employer-provided transit and parking benefits to $230 per month, respectively. This change went into effect in March 2009, and ran through December 2009. These qualified transportation fringe benefits are excluded from an employee’s income for both income-tax purposes and payroll-tax purposes.

2. Home. Thanks to an extension of the Homebuyer Tax Credit, first-time homebuyers can receive a tax credit of up to $8,000 and repeat homebuyers up to $6,500 if you have a sales contract in place by April 30 and close before July 1.

First-time homebuyers can receive a credit as much as 10 percent of the purchase price, up to $80,000. If you bought a $50,000 house, for example, you would receive a $5,000 tax credit. “The government hopes this will stimulate home sales,” Terando says.

If you make energy-efficient improvements to your existing home in 2009 and 2010, you can receive an Energy Tax Credit up to $1500 for 30 percent of all qualifying improvements.

3. Family. The new law expands the number of families who can benefit from the Child Tax Credit in two ways, Terando says. First, it is a refundable credit which allows taxpayers to receive refunds even when the credit amount is not sufficient to offset current-year taxes due. Second, the new law reduces the minimum earned-income amount used to calculate the additional child tax credit to $3,000 (down from $12,550).

Low to moderate-income families with three or more children can also benefit from an increase in the refundable Earned Income Tax Credit up to $5,657. This credit begins to phase out for married taxpayers filing a joint return with children who have incomes greater than $21,420.

Finally, up to $2400 in Unemployment Benefits received in 2009 is tax free. All benefits received in excess of this amount are taxable. This provision only applies to unemployment benefits received in 2009.

4. Transportation. Anyone who purchased a new car, light truck, motor home or motorcycle from Feb. 17, 2009 to Dec. 31, 2009, can deduct the sales tax paid on the first $49,500 of the cost. The deduction is available to both itemizers and non-itemizers and applies to individuals who make up to $135,000 and married taxpayers filing jointly who make up to $260,000. “You qualify even if you bought the vehicle through the Cash for Clunkers program,” Terando says.

5. Education. The American College Opportunity Tax Credit is designed to lower the high cost of college through a credit of up of $2500 for tuition and required course materials. The latest changes to an existing credit make it available to more taxpayers.

“The income limits are now increased up to $80,000 for individuals and $160,000 for married couples filing jointly,” Terando says. “You can claim the credit for all four years of post-secondary education, rather than two as before. In addition, if the amount of the tax credit is more than your tax liability, the excess credit will be refunded to you up to a maximum of 40 percent of the total tax credit amount.”

Bill Terando, who has a doctoral degree in accounting with a specialization in taxation, joined Butler’s College of Business in 2009. He previously taught at the University of Notre Dame and Iowa State University and worked in public accounting for KPMG Peat Marwick in Sacramento, Cali.

To find other Butler University experts, visit http://www.butler.edu/experts/.

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