November 11, 2013
The IRS has just released a number of inflation adjusted amount for 2014:
Net unearned income on a child’s return subject to "kiddie tax” remains at $1,000
Annual exclusion for gifts remains at $14,000
Foreign earned income exclusion goes from $97,600 to $99,200
Limitations for eligible long-term care premiums and Medical Savings Accounts (MSAs) have been updated:
For individuals, a high-deductible health plan is defined as a health plan with an annual deductible not less than $2,200 and not more than $3,250
For family coverage, the deductible is $4,350 and $6,550
The annual limit on out-of-pocket expenses, other than premiums has also been adjusted to $4,350 for self-only coverage and $8,000 for family coverage
Retirement Plan contributions remain unchanged from 2013 limit amounts:
The Elective Deferral (Contribution) limit for 401k Plans remains $17,500 for those under age 50; $23,000 for those turning age 50 or older in 2014.
The Traditional and Roth IRA annual contribution limit remains $5,500 for those under age 50; $6,500 for those turning age 50 or older in 2014.
The Simple IRA Elective Deferral (Contribution) limit remains $12,000 for those under age 50; $14,500 for those turning age 50 or older in 2014.
Once your taxes have been filed, first, take a moment to breathe a big sigh of relief…and then enjoy some Tax Day (April 15, 2019) discounts. There’s nothing like a good deal to take the sting out of tax obligations. Below, we’ve compiled a short list of best food and drink deals, taken from offer.com.
The long stretch from the end of the winter holiday season until the next break in your routine can feel like eternity. If you feel the need to reboot your enthusiasm as the spring season arrives, try these tips:
Our most precious commodity is time—and our attention is a close second. That’s why everyone can use some help on how to tune out daily distractions. We compiled the following helpful tips from copyblogger.com to get you started on dialing down distractions: