January 8, 2014
WAGES
SOCIAL SECURITY taxable wage limit increases from 2013
limit of $113,700 to $117,000 for 2014. Retirees under
full retirement age can earn up to $15,480 without
losing benefits.
RETIREMENT ACCOUNTS
401(k) MAXIMUM salary deferral remains at $17,500 for 2014. The catch-up limit for 50 and older also remains unchanged at $5,500.
SIMPLE maximum deferral remains at $12,000 for 2014.
The catch-up limit for 50 and older also remains unchanged at $2,500.
IRA CONTRIBUTION limit remains at $5,500 for 2014
($6,500 for 50 and older).
OTHER KEY NUMBERS:
HSA CONTRIBUTION limit increases for 2014 to $3,300
for individuals and to $6,550 for families.
KIDDIE TAX threshold for 2014 remains at $2,000.
NANNY TAX threshold increases from the 2013 level of
$1,800 to $1,900 for 2014.
AMT EXEMPTIONS for 2014 are $52,800 for singles,
$82,100 for couples, and $41,050 for married couples
filing separately.
ANNUAL GIFT TAX EXCLUSION remains at $14,000.
ESTATE TAX EXEMPTION increases from the 2013 amount of $5,250,000 to $5,340,000 for 2014.
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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:
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