Individual Year End Tax Planning Ideas As we approach year end, it’s time again to focus on last-minute moves you can make to save taxes — both on your 2014 return and in future years. Here are a few ideas. Maximize the benefit of the standard deduction. For 2014, the standard deduction is $12,400 for […]
Oct 2014 Tax Calendar & Simple Tax Savings Techniques
Tax Calendar October 15 Personal returns that received an automatic six-month extension must be filed today and any tax, interest and penalties due must be paid. Electing large partnerships that received an additional six-month extension must file their Forms 1065-B today. If the monthly deposit rule applies, employers must deposit the tax for payments in […]
Sep 2014 Weddings Mean Tax Changes & Small Business Resources
Weddings Mean Tax Changes It may not be as high on the wedding plan checklist as the venue, invitations and attire, but there are important tax issues created by a marriage that warrant some prompt attention following the wedding. Name change. Anytime names are changed, it should be reported to the Social Security Administration (SSA). […]
Aug 2014 Required Health Insurance for 2014 & 2015 HSA Amounts
What you need to know about required health insurance coverage for 2014 Beginning in 2014, the individual shared responsibility provision of the Affordable Care Act (ACA) requires you and each member of your family to have qualifying health insurance (called minimum essential coverage), have an exemption, or pay a shared responsibility penalty with your 2014 […]
Jul 2014 Federal Income Tax Withholding Adjustment & Tax Calendar
Do you need to adjust your federal income tax withholding amount? With over half the year already gone, now is a good time to check to see if you are on track to have about the right amount of federal income tax withheld from your paychecks for 2014. The problem with not having the correct […]
