Tax Briefs

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    Your exec comp could be subject to the 0.9% additional Medicare tax or the 3.8% NIIT

Your exec comp could be subject to the 0.9% additional Medicare tax or the 3.8% NIIT

The additional Medicare tax and net investment income tax (NIIT) apply when certain income exceeds the applicable threshold: $250,000 for married filing jointly, $125,000 for married filing separately, and […]

Why you should contribute more to your 401(k) in 2015

Contributing to a traditional employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, offers many benefits:

Contributions are pretax, reducing your modified adjusted gross income (MAGI), which […]

Should you “bunch” medical expenses into 2015?

Medical expenses that aren’t reimbursable by insurance or paid through a tax-advantaged account (such as a Health Savings Account or Flexible Spending Account) may be deductible — but generally […]

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    Selling rather than trading in business vehicles can save tax

Selling rather than trading in business vehicles can save tax

Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. Thus, when […]

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    2 tax consequences to consider if you’re refinancing a home

2 tax consequences to consider if you’re refinancing a home

Now may be a great time to refinance, because mortgage rates are still low but expected to increase. Before deciding to refinance, however, here are a couple of tax […]

How to determine if you need to worry about estate taxes

Here’s a simplified way to project your estate tax exposure. Take the value of your estate, net of any debts. Also subtract any assets that will pass to charity […]