Category: Taxes

The arrival of 2013 brings new tax rules. If you have AGI above $250,000 ($200,000 for singles) you’re among the wealthiest Americans, and the items below will likely affect you. A 3.8% Medicare surtax on net investment income, including interest, dividends, capital gains, royalties and passive rental income. Tax-free interest is exempted. A 0.9% Medicare […]

Higher taxes are a real possibility for 2013, and year-end tax planning in 2012 makes sense to lessen the impact. A “fiscal cliff” is looming for the United States. On January 1, 2013, the Bush-era tax cuts, including the temporary payroll tax cut and extended unemployment benefits, are due to expire. At that time, $1.2 […]