文档章节

directly from one provider

l
 lluggg817
发布于 2015/04/21 14:10
字数 785
阅读 2
收藏 0
点赞 0
评论 0

7 big tax changes to be aware of

As 2014 draws to a close, it's nearly time for replica louboutin the annual deluge of tax forms including 1098's reporting mortgage interest or W 2's from employers reporting your annual wages.

But while gathering documents for the past year's taxes is important, equally pressing is the need to adjust your budget to account for changes in the tax code that take effect starting on New Year's Day.

After all, you have been paying taxes and making retirement contributions all year even though taxes don't need to be filed until the following April. While there are a handful of last minute strategies to play catch up on 2014 tax obligations, the sad reality is that many folks who have waited until now to think about their taxes are too late.

A better strategy is to plan ahead based on what you think you will owe the Internal Revenue Service, and be proactive on your withholding and savings strategies.

Regardless of what your situation looks like in 2014, here are seven big changes that will affect a large number of taxpayers starting in January 2015.

Health Insurance Penalty: Part of the Affordable Care Act mandates that all Americans have health insurance, or pay a tax penalty as a result. In 2014, the penalties are 1% of your household income or $95 per person whichever is greater. But in 2015, those penalties ramp up significantly to 2% of total household income, or $325 per person. That can really add up for a middle class family of four. If you're not covered and paying a penalty on your 2014 taxes, make sure you get health insurance ASAP to avoid penalties as we enter a new tax year in January.

401(k) Limits: The limit on employee contributions to a 401(k) plan will increase to $18,000, up $500 from 2014's cap. That means you tell your payroll department to adjust up your contribution starting on the first of the year to ensure you save the maximum allowable in replica christian louboutin shoes 2015. Also, the "catch up" allowance for those over than 50 has also been increased, allowing for an additional $6,000 in contributions instead of the $5,500 cap previously. These new contribution levels are also applicable to 403b accounts and most 457 retirement plans as well.

Flexible Spending Account Limits: The annual limit on employee contributions to flexible spending accounts is now $2,550 for qualified health care expenses. That's up $50 from 2014, so make sure you opt in for this new maximum amount if you take advantage of a health care FSA.

Standard Deduction: The standard deduction that is, the basic tax break extended to all Americans each year rises to $6,300 for single filers and $12,600 for married taxpayers filing jointly in 2015. That's up $100 and $200, respectively, from 2014 figures. The standard deduction is crucial to tax planning and withholding, because if you cannot itemize enough deductions to surpass this amount, this is the only tax break the government will likely be giving you on next year's tax return.

Tax Brackets: For the new tax year starting in January, income tax thresholds have again been adjusted up for inflation. The highest tax rate of 39.6%, for instance, will now apply to single filers who make over $413,200 and married couples making $464,850. Both figures are up about 1.6% from tax year 2014. For more information on specific income tax brackets by filing status, check out the latest IRS revenue procedure document.

IRA Rollovers: Starting in 2015, you can only make one single rollover from an IRA in a 12 month period. This is a bit tricky, because you can still make as many "trustee to trustee" transfers as you wish, moving your money directly from one provider to another. What the new IRS rule targets is the practice of withdrawing all those funds and then re depositing them in a new account a tactic some folks were using as christian louboutin replica a short term, interest free loan. To protect yourself, limit all rollovers to direct christian louboutin shoes replica transfers in 2015 if you plan on moving money more than once.

AMT Changes: The so called "alternative minimum tax" is quite a headache for many middle class Americans. Since certain breaks can significantly reduce your tax bill, the IRS created the AMT to set a limit on those benefits and ensure a minimum tax burden on you. The Alternative Minimum Tax exemption amount for tax year 2015 is $53,600 for individuals or $83,400 for joint filers. That's up slightly, about 1.5% from 2014.


© 著作权归作者所有

共有 人打赏支持
l
粉丝 0
博文 6
码字总数 3369
作品 0
海口
Univention Corporate Server 4.2-2 发布

Univention Corporate Server 4.2-2 发布了。该版本为 UCS 4.2-1 发布的所有勘误更新,并提供各种改进和错误修复,特别是在以下几个方面:该门户网站现在也很容易在云设置中使用。 例如,在 ...

达尔文 ⋅ 2017/09/12 ⋅ 0

Android自定义Content Provider及使用

先看看官网API的介绍: Content providers are one of the primary building blocks of Android applications, providing content to applications. Content providers是Android app的基石之......

Freewheel ⋅ 2015/05/28 ⋅ 0

Scala Playframework 访问HTTPS网站证书错误解决方案

使用Playframework访问https网站报如下错误: Cause: sun.security.validator.ValidatorException: PKIX path building failed: sun.security.provider.certpath.SunCertPathBuilderExceptio......

大师兄悟空 ⋅ 2016/03/10 ⋅ 0

mysql导入大sql文件失败

官方的FAQ 1.16 I cannot upload big dump files (memory, HTTP or timeout problems). Starting with version 2.7.0, the import engine has been re–written and these problems should n......

tom2132 ⋅ 2014/03/05 ⋅ 0

android 4.4(KitKat)上,如何开发SMS功能的APP

android 4.4(KitKat)上,对SMS功能做了限定,只允许设置为默认短信的APP,才可以写入短信到系统的数据库。此举显然增加了安全性。目前大多数第三方的,需要SMS功能的APP,都可能会有短信不能...

踏雪秋菊 ⋅ 2016/09/18 ⋅ 0

Keycloak 2.2.0.Final 发布,SSO 集成解决方案

Keycloak 2.2.0.Final 发布了,Keycloak 是一个为浏览器和 RESTful Web 服务提供 SSO 的集成。基于 OAuth 2.0 和 JSON WebToken(JWT) 规范。最开始是面向 JBoss 和 Wildfly 通讯,但已经计划...

王练 ⋅ 2016/09/16 ⋅ 0

Secures your applications with Spring Security 5 and Keycloak

Spring Security 5 brought new OAuth2/OIDC client instead of the legacy client support in the old Spring Security OAuth sub project. The new OAuth2 umbrella modules in the core p......

hantsy ⋅ 04/24 ⋅ 0

EJBCA 3.9.5 发布,CA证书管理

EJBCA是一个全功能的CA系统软件,它基于J2EE技术,并提供了一个强大的、高性能并基于组件的CA。EJBCA兼具灵活性和平台独立性,能够独立 使用,也能和任何J2EE应用程序集成。 改进内容: 1. A ...

小编辑 ⋅ 2010/03/06 ⋅ 0

给你的Android APP推送消息可以使用GCM

给你的Android APP推送消息可以使用GCM,不过如果有办法让app知道自己应该何时连接推送provider server,则没必要使用GCM了。 Google Cloud Messaging for Android Google Cloud Messaging ...

JORDANSG ⋅ 2012/10/12 ⋅ 0

Windows Sockets Error Codes

Return code/value Description WSAEINTR 10004 WSAEACCES 10013 WSAEFAULT 10014 WSAEINVAL 10022 WSAEMFILE 10024 WSAEWOULDBLOCK 10035 WSAEINPROGRESS 10036 WSAEALREADY 10037 WSAENOTS......

xiangxw ⋅ 2011/01/09 ⋅ 0

没有更多内容

加载失败,请刷新页面

加载更多

下一页

对于程序员的招聘问题,作为软件人的一些吐槽和建议

作为软件人,找工作有时候似乎挺苦逼的。 说真的,让我去掉前面这句中“似乎”二字吧。就是苦逼!很多人都曾抱怨处在招聘的一方很糟糕——我们没有任何可靠的方式来甄别会写代码并且写得好的...

老道士 ⋅ 32分钟前 ⋅ 0

HDFS原理学习

一、概述 1、 Hadoop整合了众多的文件系统,首先提供了一个高层的文件系统抽象org.apache.hadoop.fs.FileSystem。然后有各个文件系统的实现类。 2、Hadoop是JAVA编写的,不同文件系统之间的交...

cjxcloud ⋅ 36分钟前 ⋅ 0

Linux下MySQL表名不区分大小写的设置方法(抄袭别人的)

Linux下MySQL表名不区分大小写的设置方法 MySQL表名不区分大小写的设置方法 在用centox安装mysql后,把项目的数据库移植了过去,发现一些表的数据查不到,排查了一下问题,最后发现是表名的大...

随风而浮沉 ⋅ 41分钟前 ⋅ 0

ubuntu下安装宋体simsun

sudo cp simsun.ttc /usr/share/fonts cd /usr/share/fonts sudo chmod 644 simsun.ttc 更新字体缓存: 代码: sudo mkfontscale 代码: sudo mkfontdir 代码: sudo fc-cache -fsv 安装chrome扩......

wangxuwei ⋅ 43分钟前 ⋅ 0

利用 ssh 传输文件

Linux 下一般可以用 scp 命令通过 ssh 传送文件: #把服务器上的 /home/user/a.txt 发送到本机的 /var/www/local_dir 目录下scp username@servername:/home/user/a.txt /var/www/local_dir...

大灰狼时间 ⋅ 53分钟前 ⋅ 0

web3j教程:android和java程序员如何使用web3j开发区块链以太坊

如何使用web3j为Java应用或Android App增加以太坊区块链支持,本教程内容即涉及以太坊中的核心概念,例如账户管理包括账户的创建、钱包创建、交易转账,交易与状态、智能合约开发与交互、过滤...

智能合约 ⋅ 今天 ⋅ 0

web3j开发java或android以太坊智能合约快速入门

web3j简介 web3j是一个轻量级、高度模块化、响应式、类型安全的Java和Android类库提供丰富API,用于处理以太坊智能合约及与以太坊网络上的客户端(节点)进行集成。 可以通过它进行以太坊区块链...

笔阁 ⋅ 今天 ⋅ 0

一起读书《深入浅出nodejs》-异步I/O

异步I/O “异步”这个名词其实很早就诞生了,但它大规模流行却是在Web 2.0浪潮中,它伴随着AJAX的第一个A(Asynchronous)席卷了Web。 为什么要异步I/O 关于异步I/O为何在Node里如此重要,这与...

小草先森 ⋅ 今天 ⋅ 0

JVM各种问题

1、如果启动什么都不设,会怎样? 先来看一个命令 [root@localhost bin]# java -XX:+PrintCommandLineFlags -version -XX:InitialHeapSize=29899008 -XX:MaxHeapSize=478384128 -XX:+PrintCo......

算法之名 ⋅ 今天 ⋅ 0

SAS笔记-宏2

宏是一种文本,一般来说其编译是在程序执行之前。 宏变量的创建 %let语句 %let macro_variables = text; %let是常见的宏变量建立方式,其编译就在执行前。如下例中,想要宏变量test等于数据集...

tonorth123 ⋅ 今天 ⋅ 0

没有更多内容

加载失败,请刷新页面

加载更多

下一页

返回顶部
顶部