Tag: 2013

2013 Unemployment Benefits Extension Approved

[2013 Unemployment Benefits Extension – January 2013 update] Congress and the Obama administration have reached an agreement that will extend federal unemployment insurance benefits (Emergency Unemployment Compensation) into 2013 following the latest round… Read more »

Will We Fall Off The Fiscal Cliff in 2013 – Impacts on Your Taxes and Finances

The Washington Post had two graphics that neatly summarize the impacts from the fiscal cliff. This is the number one topic in the world of finance and almost all Americans… Read more »

2013 401k, IRA, SEP and Simple IRA Retirement Plan Contribution and Income Limits

The IRS has published 2013 retirement plan limits following the release of Cost of Living Adjustment (COLA) figures for next year.  This was the second consecutive year of increases to… Read more »

No Payroll Tax Credit Extension into 2013. See How Much Your Paycheck Will Drop With Higher Taxes

[Updated following latest fiscal cliff negotiations] The 2 percent cut in Americans’ payroll taxes, effective in 2011 and 2012, expired on December 31st 2012.  This stimulus driven tax credit did… Read more »

COLA Increase Provides a Raise for Social Security Income and Benefits to Federal and Military Retirees

[2014 COLA Increase Update]  The Congressional Budget Office has forecast a 1.5% COLA raise based on preliminary data. This is 0.2% less than the 2013 increase discussed below. For more… Read more »