Tag: 2013

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

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… Read more »

2013 Tax Changes, Credits and Impacts You Need to Be Aware of When Filing Your Tax Return in 2014

[Updated for 2013-2014 tax filing season] Thanks to the so called fiscal cliff deal reached last year there were a number of impacts to taxes in 2013 which you need… Read more »

2017 and 2018 Itemized Deductions and Personal Exemption Phase-out Income Limit Changes with Trump GOP Tax Plan

[Trump Tax Reforms and impact to Itemized Deductions] As part of the GOP tax reform bill to support President Trump’s tax reform agenda there are going to several changes to which deductions can… Read more »

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

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… Read more »

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

[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… Read more »

When Can I File My 2019 Taxes in 2020 and Other Key IRS Tax Return Filing, Deadline, Extension and Refund Dates

[Updated Tax Season Filing Dates] The table below shows the 2020 deadlines for filing 2019 tax returns and requesting extensions. Final tax returns are due by Wednesday, April 15th 2020; unless a 6-month… Read more »

Payroll Tax Credit Holiday To Expire in 2013 Amongst Other Breaks in New White House Fiscal Cliff Impacts Report

[Updated following fiscal cliff deal] – Unfortunately it looks like the payroll tax credit will not be extended into 2013 under the new deal Congress and the Obama administration have reached. See… Read more »

2012-2013 Winter Snowfall Forecasts Calling For Snow Blowers Rather Than Snow Shovels

I live in the Washington D.C metro area and given the wild weather we had this summer, culminating with Hurricane Sandy, I fully expect a cold and snowy winter. In fact, major… Read more »