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Are You Maximizing Your Retirement Account Tax Benefit? – 2013 contribution limits
If you have not already done so, consider adjusting your retirment account contributions to match the expanded annual limits that have increased for 2013. Here are the new limits. 2013 marks a watershed year for contribution limit increases in many of the core retirement savings programs. Many of these contribution limit increases are established using a federal formula. While most annual limits stayed the same from 2011 to 2012, this is not the case for 2013. Here are current annual contribution limits for the more popular programs: Retirement Program Current Year 2013 Last Year 2012 Change Age 50 or over
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2012 Tax Laws Finalized….. IN 2013! – Here is the late breaking news
In a late night session, Washington D.C. put the finishing touches on a tax bill that addresses pre-scheduled 2013 tax changes. Included in the legislation are some provisions that impact 2012. During the wee hours of January 1, 2013 the final touches were made to 2012 tax laws. While the rest of us could not realistically make plans during 2012 for laws passed in 2013, perhaps there is a clause or two that may help you when you file your taxes in the next few months. Here is what you need to know: Alternative Minimum Tax (AMT). The recently passed
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