IRS
Retirement Savings Limits To Increase in 2015
Author: Christine Bowen – APR FSA, HSA, and 401(k) Contribution Limits to Increase in 2015Several of the most common benefit plans and account types have an increased allowance for contribution limits in 2015. The IRS has announced that it will raise the annual dollar limit on contributions for health care flexible spending accounts (FSAs), health...
New Standard Mileage Rates Now Available; Business Rate to Rise in 2015
IR-2014-114, Dec. 10, 2014 WASHINGTON — The Internal Revenue Service today issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck...
Six IRS Tips to get the most of your year-end charitable gifts
In the spirit of the holiday season, many individuals as well as businesses, make charitable gifts this time of year. And if you want to maximize on that gift from a tax perspective and claim a tax deduction for your gifts, you must itemize your deductions. There are several tax rules that you should know...