Tag: 2010

2018 vs 2017 Roth IRA Contribution and Income Limits plus Conversion Rollover Rules

[Updated with 2018 Roth IRA limits] The latest income phase out ranges for the deductibility of Roth IRA contributions are shown in the table below. You may be able to contribute to… Read more »

401k, 403b, IRA Contribution and Income Limit Changes from Officially Released by IRS

[Update] You can now see the most up-to-date 401K/403b, IRA and Roth IRA limits here _____________________ The IRS has released the latest 401k, 403b, IRA and other retirement/thrift plan contribution and income limits…. Read more »

2011 Social Security Tax Rate and Witholding – SSI Limits, Coverage, Retirement Earnings and Benefit Base Limit Changes

Updates – For 2012, the SSA has announced a 3.6 percent cost-of-living adjustment (COLA) increase. For 2013, the COLA increase was 1.7%. ____________ The Social Security Administration has officially released the… Read more »

Updates: Claiming Home Buyer Credit Extension, Small Business Loans and Tax Breaks Plus $250 SSI Payment

I wanted to provide a few updates on some of the more popular topics on this site given recent developments. You can click on the topic header to get more… Read more »

2010 Obama Health Care Rules Effective Now – Under 26 Dependent and Pre-existing Conditions Coverage

With the passage of health care reform, a major political achievement for the Obama administration, Americans will finally start seeing the actual impacts of many of these new laws. These changes… Read more »

2011 Tax Brackets, Rates and Federal Taxable Income Thresholds. Standard Deduction and Exemption Increase

President Obama and Congress have approved a two year extension to all the Bush-era tax cuts. This means that the 2011 Federal IRS tax rates will be the same as… Read more »

US Economic Outlook – Strong Growth Expected as Recession Fades. GDP Growth Continues At Slower Pace

[2011 Outlook] So what will 2011 look like for the US and global economy? 2010 was a year of recovery, but it was sputtering and many questioned whether the recovery… Read more »

2016 vs 2015 Standard IRS Mileage Rates For Business, Medical, Moving and Charity – Tax Deduction Rules

[Updated with latest 2016 IRS rates]  Standard mileage rates used to calculate the deductible costs of operating a car (includes vans, pickups or panel trucks) for business, charitable, medical or moving purposes… Read more »