2013

Your 2013 Tax Rate – Understanding Your IRS Marginal and Effective Tax Bracket

0 comments

With the 2012 tax season in the rear view mirror, its time to start thinking about 2013 taxes and strategies that you can put in place to minimize taxes owed in 2014.  But before that take some time to familiarize yourself with the new 2013 tax brackets shown below. But, be careful in reading the table below [...]

Read the full article →

2013 Best Online Broker Survey – Is Your Stock or Options Broker in the Top 10

0 comments

Barron’s has released their 2013 broker survey and it was good to see that most of the online brokers I use and recommend made the list. What’s interesting is the continuing shift towards mobile trading, particularly on the iPad and other tablet devices, which are being used by more and more investors for their online trading needs. You can see this [...]

Read the full article →

2013 Housing Market Outlook

1 comment

My realtor who helped with buying my home a few years ago occasionally sends me newsletters on the state of the US housing market. For the most part this is marketing material looking for referrals and to keep her in mind if when I decide to sell or upgrade. But a recent newsletter she sent me had an [...]

Read the full article →

2013 IRS Official Tax Updates – Tax Rate Schedules, Standard Deduction, Personal Exemption and AMT update

0 comments

The IRS has published its official 2013 changes reflecting annual inflation adjustments and tax table updates from the recently passed Fiscal Cliff legislation, officially known as the American Taxpayer Relief Act of 2012. Key changes include: For 2013 the 39.6 percent tax rate has been reinstated for individuals whose income exceeds $400,000 ($450,000 for married taxpayers filing a joint return). [...]

Read the full article →

2013 Debt Ceiling Debate – Spending Cuts, Soaring Deficit, Tax Refund Delays and Political Theatrics

4 comments

As I was writing this article I re-read my original pieces on the 2011 debt ceiling debate/deal and got a major sense of deja-vu. After 18 months we are back in the same place with a dysfunctional Congress, who barely passed legislation to avert the fiscal cliff, trying to reach a new deal to keep the nation from the edge of [...]

Read the full article →

2013 Tax Changes, Credits and Impacts You Need to Be Aware of as Part of the Fiscal Cliff Deal

9 comments

[Updated with 2013 IRS inflation adjusted official numbers] With our dysfunctional government leaders finally reaching a deal on averting the so called fiscal cliff we now have a clearer picture of taxes in 2013. In fact there are a lot of changes in the form of updated federal tax rates, new phase out deductions and the [...]

Read the full article →

2013 Itemized Deductions and Personal Exemption Phase-out Income Limit Changes To Adversely Affect Millions of Taxpayers

10 comments

While legislation to avert the fiscal cliff enabled 2013 federal tax rates for most Americans to stay constant, it raised the threshold for those required to pay higher tax rates to $400,000/$450,000 (single/married) and included provisions to restart limits on certain itemized deductions and personal exemptions that were phased out and eventually removed as part [...]

Read the full article →

$500 Increase in 2013 401k and IRA Contribution Limits Makes a Real Difference at Retirement

4 comments

The IRS has provided a $500 increase in tax deductible 2013 401(k) and IRA contribution maximums. Employer sponsored 401k plan contribution maximums have risen from $17,000 to $17,500. IRA limits have risen to $5,500 from the 2012 maximum of $5,000. These increases may not seem like a lot at first glance but over a number of years with the effect [...]

Read the full article →

Fiscal Cliff Deal Reached – Extending Unemployment Benefits, Tax Cuts, AMT Patch, EITC, Payroll Tax Credit Expiry, Delaying Budget and Defense Cuts

34 comments

[Updated Jan 2013] Congress and the Obama administration have reached an agreement that will avert a significant portion of the fiscal cliff and its associated impacts on your pay check and taxes next year. The passed legislation would increase tax revenue by $620 billion and only cut spending by $15 billion because the planned sequestration/spending cuts will be delayed [...]

Read the full article →

When Will IRS Tax Forms (Employer W2, Investments 1099, 1098) Be Available For Filing My Taxes – 2013 Mailing Dates

1 comment

Before we can file our 2012 tax returns there are a number of forms we need to get from our employers, financial institutions and other entities we make money from or did business with. Below are estimated time frames for when we can expect to receive some of these common income tax forms. Employer W-2. This is the most [...]

Read the full article →

← Previous Entries

Home Privacy Policy Terms of Use
Copyright ©2012 www.savingtoinvest.com