2013 Itemized Medical Deduction Limit Increase

1 comment

A little heralded change is now in effect that could impact your deductible health care expenses when you file your 2013 taxes in 2014. It relates to the itemized medical deduction limit for claiming medical expenses not covered by your health insurance. The limit at which you can claim these expenses was increased from 7.5 […]

Read the full article →

Figuring Your IRS Taxable Income – Adjustable Gross Income (AGI) vs. Modified Adjustable Gross Income (MAGI)


You would think that figuring your income that is subject to taxes would be easy. Unfortunately with our overly complex federal tax system the IRS has multiple definitions of income and it’s important to understand the difference between these because not only can it affect how much you pay in taxes, but also determines what […]

Read the full article →
Disclaimer: The information contained on Saving to Invest (this site) is for general information purposes only and does not constitute factual or professional financial advice. In accordance with FTC guidelines, we disclose that we may have a financial relationship with some of the merchants/companies mentioned on this website. We do our best to maintain current information, but due to the rapidly changing environment, some information may have changed since it was published. Please do the appropriate research before participating in any third party offers. Refer to the Privacy Policy and Terms of Use for more information