The Daily Deduction

Weekly Tax Inventory - 3-13-2014

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President Obama and Galifianakis “Between Two Ferns” Bit Drives 40% More Traffic to Healthcare.gov – Mashable

President Obama’s appearance on comedian Zach Galifianakis’s Between Two Ferns web series resulted in a traffic boost to the Healthcare.gov website, reports Tara McGuinness, Senior Communications advisor for the White House.   

Obama wants businesses to pay more overtime – Inc

President Obama will use his executive authority to change overtime rules for U.S. workers in an effort to provide economic security for the middle class and reduce income inequality, a White House official said.

Taxpayers Held Fund Political Conventions.  Congress Actually Wants That To End. – The Huff Po

On Tuesday, the Senate unanimously approved H.R. 2019, also known as the Gabriela Miller Kids First Research Act. The bill would "eliminate taxpayer financing of political party conventions," and instead direct those dollars to a 10-year National Institutes of Health pediatric research initiative.

How Much the Marriage Tax Penalty Will Cost You? – Daily Finance

Some couples encounter marriage bonuses, other deal with a marriage penalty.  The brackets for married filing jointly are not double of the single filers brackets after you move into the 25% tier.

Total Refundable Credits from 1990 – 2011 – William Perez, About.com

Tax credits come in two varieties. Nonrefundable tax credits reduce a person's tax liability at most to zero. Refundable tax credits also reduce a person's tax liability; and any excess credits are paid out by increasing a person's refund. Taxpayers claimed a total of $99.1 billion in refundable tax credits in the year 2011, according to a study conducted by Alan Cole at the Tax Foundation.

Posted To: The Daily Deduction By: Lauryn on 3/14/2014 12:55:00 AM
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