Ellin & Tucker Offices
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On October 31, 2013, The IRS announced the annual Cost-Of-Living-Adjustments (COLA) — click the link below to see the applicable to dollar limitations for pension plans and other items for tax year 2014. http://www.irs.gov/Retirement-Plans/COLA-Increases-for-Dollar-Limitations-on-Benefits-and-Contributions... Continue Reading
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Under the health care act, starting in 2013, taxpayers with modified adjusted gross income (MAGI) over $200,000 per year ($250,000 for joint filers and $125,000 for married filing separately) may owe a new Medicare contribution tax, also referred to as... Continue Reading

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