We will provide you with a series of tax increases for 2013. These are low profile increases that cost you more in tax.
The FICA (social security) wage based increased in 2013 to $113,700.00. This means that if your wages are equal or greater than the base amount, you will pay an additional $223.20 in tax. This is a change in limit and not a tax rate increase but it will cost you more in tax? Sounds like a tax increase to me!
Wednesday, August 28, 2013
Saturday, August 24, 2013
Back from the future
Back from the future with insight of new tax issues that are beginning to surface. The new taxes that you will be paying have been like a virus, just dormant until now.
We just attended the IRS forum in Atlanta Georgia to determine what approach the IRS will take in an effort to raise additional tax. We also learned of a new home office EZ deduction available for 2013.
Be sure to follow our blog and other media accounts to pay the least amount of tax with IRS approved deductions.
We just attended the IRS forum in Atlanta Georgia to determine what approach the IRS will take in an effort to raise additional tax. We also learned of a new home office EZ deduction available for 2013.
Be sure to follow our blog and other media accounts to pay the least amount of tax with IRS approved deductions.
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