On April 3, the Senate Finance Committee overwhelmingly approved the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act of 2014 with a strong bipartisan vote, setting the stage [...]
A new law beginning on July 1, 2014 allows manufacturers and certain researchers and developers to obtain a partial sales tax exemption and use tax exemption on certain manufacturing and research [...]
Did you know that you can make tax-deductible retirement savings contributions after the close of the tax year? Well, you can and with April 15th looming, the window of opportunity to maximize [...]
If you lose your job or your employer lays you off, you may be able to get unemployment benefits. The payments may be a welcomed relief. But you should know that they’re taxable.
Qualified Tuition Programs (QTPs), commonly referred to as Section 529 plans (named after the section of the IRS Code that created them), are plans established to help families save and pay for [...]
The tax code provides education tax benefits for post-secondary (college) education tuition paid during the year for a taxpayer, spouse, or dependents. Taxpayers should make every attempt to take [...]
Beginning this tax year, you can maximize your medical deductions in excess of 10% of your adjusted gross income (AGI), up from the previous 7.5% AGI limitation. The limitation remains at 7.5% [...]
