The Daily Deduction

Weekly Tax Inventory - 05/03/2013

This week in tax news:

Wages Subject to Social Security Tax – The Wall Street Journal

In this Q&A, Tom Herman answers questions about the maximum amounts of the different taxes on wages this year.

Hybrid Drivers May Save on Gas But New Tax Gotcha - USA Today

Virginia lowered the gas tax for everyone, but gave hybrid and electric car owners a yearly fee to help make up for what those drivers aren’t paying at the pump.

Lauryn Hill Confirms Sony Deal, Calls Reports ‘Inaccurate’ – Billboard.com

Lauryn Hill took to her Tumblr page to comment on recent media reports that she’d inked a new deal with Sony Music in order to help her avoid prison time for three years' worth of missed tax returns. She wrote that she will be launching a new label through Sony to release her new music but called media reports on the nature of the deal and its dollar amount “inaccurate.”

Why 2013 could be the Lucky Number for Businesses Looking to Save on Taxes – Forbes.Com

If your April 15th tax bill left you feeling snake bit and broke this year, your luck may be changing thanks to recent IRS-mandated increases to both 401(k) contribution and tax-deferral limits that are designed to help reduce 2013 taxes.

Home prices are up: good news or bad? – fivecentnickel.com

Get Rich Slowly’s William Cowie sheds light on the issue of house values going up. 

Posted To: The Daily Deduction By: Lauryn on 5/3/2013 12:00:00 AM
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