Kids going to day camp? You may be eligible for a tax credit
Posted on Wednesday, June 19, 2013Day camp is a qualified expense under the child or dependent care credit, which is worth 20% of qualifying expenses (more if your adjusted gross income is less than $43,000), subject to a cap. For 2013, the maximum expenses allowed… View More
The new 0.9% Medicare tax: Watch out for withholding issues
Posted on Tuesday, June 11, 2013Under the health care act, starting in 2013, taxpayers with earned income over $200,000 per year ($250,000 for joint filers and $125,000 for married filing separately) must pay an additional 0.9% Medicare tax on the excess earnings. Employers are required… View More
Tax consequences to consider before putting your home on the market
Posted on Wednesday, June 5, 2013When you sell your principal residence, you can exclude up to $250,000 ($500,000 for joint filers) of gain if you meet certain tests. Gain that qualifies for exclusion also is excluded from the new 3.8% Medicare contribution tax. Losses on… View More
Calendar
September 16, 2013
3rd Quarter 2013 Estimated Tax Payment Due
If you are self-employed or have other third-quarter income that requires you to pay quarterly estimated taxes,
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October 15, 2013
Extended Individual Tax Returns Due
If you got a filing extension on your 2012 tax return, you need to get it completed
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January 15, 2014
4th Quarter 2013 Estimated Tax Payment Due
If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes,
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