IRS Announces 2013 Pension Plan Limitations; Taxpayers May Contribute up to $17,500 to their 401(k) plans in 2013 WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2013. In general, many of the pension plan limitations will change for … Continue reading IRS announces increased pension limits for 2013
Below is a chart of our nonsensical estate tax laws. Note the wildly different amounts that can pass (or did pass) without estate tax, depending solely on the year of death. Yet, over the last 31 years, the amount that can pass without estate tax has never gone down, starting with President Reagan to President … Continue reading Chart of our nonsensical estate tax and gift tax laws….What will these tax laws be after 2012?
Due primarily to increases in the estate tax return filing threshold, the number of estate tax returns (IRS form 706) filed decreased from more than 108,000 in 2001 to just over 15,000 in 2010. See the statistics at the IRS web page at http://www.irs.gov/pub/irs-soi/10esesttaxsnap.pdf.
Back-to-School Tips for Students and Parents Paying College Expenses From the IRS Whether you’re a recent high school graduate going to college for the first time or a returning student, it will soon be time to head to campus, and payment deadlines for tuition and other fees are not far behind. The IRS offers some … Continue reading Back-to-School Tips for Students and Parents for Paying College Expenses
Seven Tax Tips from the IRS for Recently Married Taxpayers With the summer wedding season in full swing, the Internal Revenue Service advises the soon-to-be married and the just married to review their changing tax status. If you recently got married or are planning a wedding, the last thing on your mind is taxes. However, … Continue reading IRS’ Tax Tips for Recently Married Taxpayers