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Dependents: What are the tax rules?
02/04/2013Most taxpayers believe that a “dependent” is a minor child that lives with them. While that is essentially correct,...
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New Medicare taxes take effect in 2013
02/04/2013The 2010 health care reform legislation included several provisions that go into effect this year. Among them is the...
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Pay attention to restored deductions for 2012
02/04/2013A number of tax breaks that had expired at the end of 2011 or were to expire at the...
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“Chained CPI”: What’s it all about?
02/04/2013As the politicians in Washington start once again to tackle the same old problems, you’re likely to hear more...
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Home office recordkeeping simplified
02/04/2013The IRS is reducing the recordkeeping required for the home-office deduction, effective for 2013. Taxpayers who qualify may use...
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IRS extends deadline for farmers and fisherman
02/04/2013The IRS had to delay the start of this year’s tax filing season until it completed programming changes made...
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New law causes filing season delay
02/04/2013The delayed passage of the “American Taxpayer Relief Act of 2012” has put the IRS behind schedule. Due to...
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Percentage of Americans delaying retirement increases
02/01/2013The American workplace is about to get grayer. Nearly two-thirds of Americans between the ages of 45 and 60...
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U.S. economy added 157,000 jobs; unemployment rate is 7.9%
02/01/2013Employment grew modestly in January and gains in the prior two months were bigger than initially reported, supporting views...
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Senate votes to temporarily suspend federal debt limit
02/01/2013Congress gave final approval Thursday to a plan to temporarily suspend the legal limit on the national debt, permitting...