BusinessWeek Online: BW Magazine

January 28, 2002

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Current BW Magazine Table of Contents

January 28, 2002 BW Magazine Table of Contents

January 28, 2002 Your Taxes Table of Contents

YOUR TAXES
Retirement

Saving for College

More Deductions

Tax Strategist Q&A

Life Insurance

Capital Gains

Trimming the Hit

The Barker Portfolio

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The Ins and Outs
of the New Tax Law
In 2002, many of the most important changes go into effect

Forget the Beltway bickering about whether the tax cuts passed in 2001 should be delayed. They're here to stay--and that's to your benefit in 2002. The rebate checks last summer were just a taste: 2002 is when most of the new law's key changes take hold.

That's why it's vital for you to pay even more attention than usual to taxes this year. The centerpiece of President George W. Bush's tax plan--a phased-in reduction in tax rates--is already fattening your paychecks. But some of the biggest rewards will come to those who act now to use new incentives for retirement plans and college savings. Here's a guide to what's new in the tax code for 2002.

YOUR TAXES
The Golden Years Get More Golden
It's increasingly up to you to save for retirement. Fortunately, the new tax package has help

Saving for College Will Yield Smarter Returns
An array of new options is now available. Which are right for you?

Three More for Your Checklist
Tips on the alternative minimum tax, "deemed sales," and adopting

Investment Options to Keep Taxes at Bay (extended)
A talk with tax strategist Robert Gordon

The IRS Gives Executives a Break
The tax hike on 'split-dollar' life insurance is delayed

There's More Than One Way to Tally a Capital-Gains Tax Tab
Before you pay up, choose the share-cost calculation that benefits you most

Minimizing the Tax Hit
Selling a mutual fund? Here are different strategies to trim Uncle Sam's take

Is the Tax Bite Too Big on Your Mutual Funds?
A bill before Congress would let fund investors put off paying capital-gains taxes until they cash out: The same treatment stockholders enjoy

BusinessWeek TV: Tune in this weekend for a special report on taxes. Check your local listings for time

Tax Gains from Stock Losses

One silver lining to a gloomy market: Investors can take their losses as deductions. BW's Carol Cropper explains how

When Loss Means Gain

BW's Lewis Braham with tips on how mutual-fund investors can maximize future tax advantages

Give It the Old College Try with a 529 Plan
A tax-free -- or close to it -- way to save for schooling

BW's Guide to College Savings Plans
A state-by-state listing

New Rules for Nurturing Your Nest Egg
A checklist of tax-law changes let you catch up on your retirement savings and more

Tax Relief Only Accountants Could Love
Bush's $1.35 trillion cut further complicates an already convoluted system

These Tax Cut Plans Won't Do the Trick
Note to Congress: Getting cash to consumers is only half the battle. Getting them to spend it is the hard part

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