Individual Impact on American Taxpayer Relief Act of 2012

On January 2, 2013, Congress passed the American Taxpayer Relief Act of 2012.  Here are impacts to individual taxpayers from the passage of this bill.  We can help you understand the effect that the following changes will have on your tax situation. Tax increase on the highest incomes in 2013 – Taxpayers (including those who receive […]

Retirement Contributions for 2012 and 2013

Below is a table of retirement contributions for 2012 and 2013.  It may not be too late to contribute for 2012 as you can contribute up to the due date of your tax return (i.e. April 15, 2013 for 2012 1040) for certain retirement plans.  You may also be eligible for the retirement savers tax […]

HSA Limitations

Health Savings Account (HSA) contribution limitations for 2012 and 2013 are as follows.  Contributions to a HSA are tax deductible or tax free as a payroll deduction.  Funds from an HSA account can be used to offset deductibles, copays and other medical expenses.  For more information visit the IRS website. HSA Limitations 2012 2013   Self-plan […]