Tax Preparation for a home office deduction just got a little easier: The Internal Revenue Service has announced that for 2013 a simplified method for claiming the home office deduction will be available. The IRS’ goal is to reduce the paperwork and time involved for CPAs, tax preparers,[…]
Read MoreIn 2013, employees may make elective deferrals to their 401k of up to $17,500 ($23,000 for taxpayers over the age of 50). This limit applies to 403(b) and 457 plans also. IRA and Roth IRA contribution limits increased by $500 dollars to a total of $5,500 ($6,500[…]
Read MoreWhy your paychecks will be smaller this year despite the American Taxpayer Relief Act: Although most Americans will not see an increase in their 2013 income taxes they still will see a decrease in their paychecks. This is due to the two percentage point cut in the employee’s[…]
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