Tax Law Changes

IRS OKs Federal Tax Benefits for Married Same Sex Couples

September 11, 2013

In June 2013, the U.S. Supreme Court struck down Section 3 of the Defense of Marriage Act, which denied federal recognition of married same-sex couples. The ruling effectively… Read More

New State Tax Laws Take Effect Nationwide

July 24, 2013

For many states, July 1st marked the beginning of a new fiscal year and a slew of new tax laws have taken effect. The new tax measures are… Read More

Tax Planning for Married Same-Sex Couples in the Post-DOMA Era

July 9, 2013

Last month, the Supreme Court made a landmark decision when it struck down Section 3 of the Defense of Marriage Act. The move effectively grants married same-sex couples… Read More

How Does the Proposed Internet Sales Tax Affect You?

May 6, 2013

Shopping online is a convenient way to save on just about anything but great deals may soon be harder to come by. Congress is currently considering the passage… Read More

Obama Budget Plan Brings Higher Taxes for Rich, Middle Class

May 2, 2013

President Obama's proposed budget for 2014 is projected to boost revenues and reduce the federal budget deficit by $1.8 trillion over the next decade. The budget plan includes significant… Read More

Congress Debates Key Changes to Mortgage Interest Deduction

April 16, 2013

In an effort to tackle the national liability and overhaul the tax code, Congress has proposed a number of measures that could potentially impact millions of taxpayers. Among… Read More

IRS Makes Claiming the Home Office Deduction Easier in 2013

March 27, 2013

Working from home can eliminate some of the stress associated with the traditional workplace but it can also lead to big headaches at tax time. While the IRS… Read More

New Limits on Itemized Deductions Impact High-Income Taxpayers

March 5, 2013

Amid worries that the country would fall off the “fiscal cliff”, Congress established a deal that would head off major government spending cuts and help the majority of… Read More

IRS Retirement Plan Contribution Limits for 2013

January 3, 2013

If you’re worried about stashing away enough cash for your golden years, the IRS is making it easier to add to your nest egg. Beginning in 2013, taxpayers… Read More

2013 IRS Tax Deduction Rate for Standard Mileage

November 21, 2012

Each year the IRS takes a look at the deduction allowed for mileage based upon gas prices, driving expenses, maintenance, registration costs and other costs that are associated… Read More