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The IRS has released its updated Publication 17 (Your Federal Income Tax) for use in preparing 2009 returns. The 300-page-plus work reflects the many tax changes that affect the 2009 return, including the changes made to the first time homebuyer tax credit (FTHTC) by the Worker, Homeownership, and B...

The Federal Reserve has famously lowered interest rates to the lowest they've ever been to help avert an implosion of the international financial system. Now that the crisis has passed its zenith, and in combination with the explosion of federal deficits, interest rates have only one way to go: up....

Back in 2001 Congress passed a law to make estate taxes vanish by 2010 and then come roaring back in 2011. Faced with a loss of revenues in 2010 (Congress hates that) and the return of high estate taxes in 2011 (widows & orphans hate that), it was a story without a happy ending for anyone. Last week...

The big news this morning is the much lower than expected job losses in the US economy: only 11,000 jobs lost last month, where analysts had expected well over 100,000. This is one more piece of slowly accumulating evidence that the economy is well on the way out of recession. The financial crisis o...

The world's biggest bond fund manager, Pimco's Bill Gross, issued his December newsletter this week. The title, "Anything but 0.1%, refers to the national average yield for money market funds. Mr. Gross describes the tough environment for savers right now. Money markets yield 0.1%, one year CD's ave...

In addition to extending the tax credit available to first-time homebuyer's the IRS has now expanded the program to existing homeowners. The qualifications are as follows: You must have maintained the same principal residence for any 5 consecutive year period during the 8 year period ending on the...

Welcome to our Brighton Securities blog! We're looking forward to the opportunity to post useful information, economic and market observations, and other items of potential interest. You'll also find regular updates from our Tax & Accounting department to stay informed of changes to laws that will a...

Brighton Securities is a local, independently owned stock brokerage and financial services firm that was established in 1969. We've been the same company, had the same name, been at the same location in Rochester, New York, ever since--which makes us pretty unique in the financial world. For 40 year...