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Year Round Tax Saving Tips 2014

Posted by aapr2746 on November 20, 2014 in Uncategorized |

  Click on the link below for some great year round tax saving tips for 2014 Year Round Tax Saving Tips 2014 by

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Affordable Care Act – 2014

Posted by aapr2746 on January 1, 2014 in Uncategorized |

  Starting in 2014 all individuals must be inured and have insurance for their dependents.  If the individual fails to meet the coverage requirement for themselves, a spouse or dependents for one or more months, that taxpayer must make a shared responsibility payment in the form of a penalty.   Exceptions to the penalty: Members […]

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Affordable Care Act 2013

Posted by aapr2746 on January 1, 2014 in Uncategorized |

Net Investment Income Tax (NIIT) Starting in 2013 a 3.8% Medicare tax is applied against net investment income (NII) of individuals, estates and trusts. The NIIT also referred to as the unearned income Medicare contribution tax is 3.8% of the lesser of: Net investment income for the year. The excess of modified adjusted gross income […]

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Tax Law Changes for 2013

Posted by aapr2746 on December 11, 2013 in Uncategorized |

  Most new/changes to the tax law took place when the American Taxpayer Relief Act of 2012 (ATRA) was signed on January 2, 2013. Individual Income Tax Rates – tax years after 2012 the rates of 10%, 15%, 25%, 28% , 33% and 35% are permanent.  Starting in tax year 2013 the new 39.6% rate […]

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