The Daily Deduction- February 2014

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Weekly Tax Inventory - 02-07-2014

This week in tax news: Manny Pacquiao, The buzz about income taxes and federal tax revenue, and taxes on IRA withdrawals.

Posted To: The Daily Deduction
By: Lauryn on 2/7/2014 11:32:48 AM

Depending on Your Employer, You May Still Have Time To Spend Your FSA Money from Last Year

Back in 2005, the Treasury Department changed the rules to allow employers to give workers until March 15 to spend their FSA money from the previous year. The idea was to avoid problems with workers not being able to get medical appointments in December, immediately before the old deadline. While employers aren’t required to extend the cutoff date for FSA expenses, many have. If you work for an employer that has an extended cutoff date for using your FSA, it’s important to know what expenses qualify for it. Read more from eSmart Tax.

Posted To: The Daily Deduction
By: Lauryn on 2/5/2014 03:52:02 PM

Maximum Retirement Contributions

Save for retirement now and reap tax benefits.

Posted To: The Daily Deduction
By: Lauryn on 2/3/2014 11:31:03 AM

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