By Kevin McCormally email
| bio Q: Could we potentially escape the AMT by putting our new house in my wife's name only and then filing our taxes separately?
A:
I've come across only a handful of cases where married couples who filed separately come out ahead. Joint is almost always best.
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ASK KIM@KIPLINGER
Going Into Overtime
By Kimberly Lankford email
| bio Q: I read recently that people earning more than $23,000 may not get overtime pay. What is the rule?
A:
The government doesn't decide who can't be paid overtime; the law provides for who must be.
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IN THE COMMUNITY
TAXES
I just bought my home in June. Besides mortgage points and interest, what else can I deduct?
-- jerry5764 Read | Register | Reply
COLLEGE
Our daughter is 11 years old, and we haven't saved a penny for her college education. Does anyone out there have suggestions on how to approach this?
-- YoungFamily Read | Register | Reply
This hotelier is particularly well-positioned to benefit from a rising tide of well-heeled travelers.
