to you by:
|McCormick Klessig & Associates
|About Our Firm:
McCormick-Klessig & Assoc., Ltd. provides individuals, families, small and medium sized businesses with complete coverage of personal and business risks in all product lines: Commercial Personal Life Accidental and Health ( including group products).
most important thing about a man is what he believes in the depth of
being. This is the thing that makes him what he is, the thing
organizes him and feeds him; the thing that keeps him going in the face
of untoward circumstances; the thing that gives him resistance and
-- Hugh Stevenson Tigner
can who thinks he can, and he can't who thinks he can't. This is
an inexorable, indisputable law." -- Henry Ford
you think a certain thought long enough and hard enough, it becomes a
belief and you will find yourself behaving on the outside in a manner
with it." -– Brian Tracy
will underestimate us, for although we judge ourselves by what we feel
capable of doing, others judge us only by what we have already done."
limitations and success will be based, most often, on your own
for ourselves. What the mind dwells upon, the body acts upon." --
you conduct yourself as though you expect to be successful and happy,
will seldom be disappointed." -- Brian
not that people want too much, it's that they want too little." -–
Increase in the
Child Tax Credit
2003 Tax Act (Jobs and Growth Tax Relief Reconciliation Act of 2003 -
was signed into law by President Bush on May 28, 2003, followed more
by the Working Families Tax Relief Act of 2004 (WFTRA), which was
into law on October 4, 2004.
is typical of recent tax legislation, the 2003 and 2004 Tax Acts
tax relief to individuals, but did so through a variety of complex
that includes retroactive, temporary and phased-in/phased-out effective
dates. While some of these provisions may not apply to you, other
provisions will and you may want to revise your planning to take full
of those provisions.
is the increase in the child tax credit. If you would like
information on this topic, please call my office.
in the Child Tax Credit
amount of the child tax credit was increased by JGTRRA from $600 to
accelerating the previous phase-in scheduled between 2005 and
The relief, however, was temporary, applying
only in 2003 and 2004, until the passage
the Working Families Tax Relief Act of 2004. WFTRA
continues the child tax credit at $1,000 through 2010.
In 2011, the child tax credit returns to the pre-EGTRRA level of $500.
Amount per Child Under 17
2003 - 2010
child tax credit is not
indexed for inflation.
||Consider using tax
from the child tax credit to fund an Education Savings Account or to
in a State Tuition Program.
UP by Zig Ziglar
in the days of sailing ships, a young sailor went to sea for the first
The ship encountered a heavy storm in the North Atlantic. The young
was commanded to go aloft and trim the sails. As he started to climb,
made a mistake and looked down. He started to lose his balance. At that
moment, an older sailor underneath him shouted, "Look up, son, look
The young sailor looked up and regained his balance.
things seem bad, look to see if you're not facing the wrong direction.
When you're looking at the sun, you see no shadows. When the outlook
good, try the uplook -- it's always good!
don't want to add to your e-mail clutter! If you do not enjoy
newsletter, just reply to this e-mail and ask to be removed or call my
of this newsletter
is to provide information of general interest to our clients, potential
clients and other professionals. The information provided is
in nature and should not be considered complete information on any
or concept described. For more complete information, please
my office at the phone number above.
Quest Capital Stratagies
25231 Paseo de Alicia, Suite 110
Laguana Hills, CA 92653-4615
Member FINRA and SIPC FINRA (formerly NASD) is located at www.finra.org.
SIPC is located at www.sipc.org.