The New 3.8% Medicare Surtax – Will It Affect You? Higher income taxpayers could have some new taxes and tax rates to contend with when they file their 2013 tax returns. Among them is the new 3.8% Medicare surtax on net investment income. How Does the Tax Apply? This tax will be imposed on the […]
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Year-end Tax Tips, a little planning could save a lot in taxes. Here are a few strategies individuals and businesses can use to help lower their 2013 tax bills. Contribute to your retirement savings. To help with this year\’s taxes, increases to your 401(k) plan salary deferral must be made during 2013. However, you have
Tis the Season, at the end of the year, companies often celebrate the holidays by having office parties or giving gifts to their employees. The following are some general guidelines as to what is taxable and what is not. Gifts. Employers can give their employ- ees merchan- dise of nominal value – hams and turkeys,
Tax Credit Opportunities, tax deductions aren\’t the only things to consider when looking for ways to reduce your 2013 tax bill. There are a number of tax credits that you may be able to claim. A tax credit reduces your tax liability dollar for dollar (and, in some instances, may be fully or partially \”refundable\”
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