by KNSS | Dec 16, 2013 | Uncategorized
During December, you should evaluate whether you’ll save any taxes by postponing 2013 income or deductions into 2014 or by accelerating 2014 income or deductions into 2013.? While many factors should be evaluated prior to making your final decision, a few items...
by KNSS | Jun 13, 2013 | Planning, Taxes, Uncategorized
Tax hikes in 2013 mean it’s time to revisit available tax breaks. Effective 1/1/13, taxes increased for many well-paid Americans. Here are three separate tax hikes that might affect you: Top federal income tax rate now 39.6% Top Medicare tax on earned income now...
by KNSS | Feb 20, 2013 | Uncategorized
By Michael Bohigian, EA The American Taxpayer Relief Act of 2012 rescued the vast majority of Americans from the tax edge of the ?fiscal cliff? and the steep tax increases scheduled to kick in as the Bush tax cuts expired at the end of 2012. This legislation, however,...
by KNSS | Jan 24, 2013 | Commentary, Planning, Savings
We’re continuing with our series on New Year’s resolutions that you can do to improve your finances.? Be sure to read Part 1 for extra tips! Pay Down Those Credit Cards If you owe money on your credit cards, determine how much you can realistically afford...
by KNSS | Oct 5, 2012 | Taxes
On June 28th, the Supreme Court upheld most of the provisions of The Patient Protection and Affordable Care Act. Here are some of the tax increases that might affect you starting in 2013: Increased and Expanded Medicare Taxes High-income taxpayers will be paying...