Tuesday, January 15, 2013
Standard deductions go up, but the ceiling for itemized deductions go down in 2013, plus other changes that will affect your taxes this year.
Tuesday, January 15
On Friday, the Internal Revenue Service announced annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012. The tax items for 2013 of greatest interest to most taxpayers include the following changes. Details on these inflation adjustments and others are contained in Revenue Procedure 2013-15, which will be published in Internal Revenue Bulletin 2013-5 on Jan.28, 2013. Other inflation adjusted items were published in October 2012 in Revenue Procedure 2012-41. -News release from the Internal Revenue Service
Tuesday, August 2, 2011
Change in Congress was the consensus among people asked Monday evening in Dedham Square.
With the U.S. Senate on the cusp of approving the nation’s debt limit, pedestrians in Dedham Square were disappointed Monday evening with how the agreement has been handled by all sides. "It makes me disgusted that they act like children," said Christine, a Dedham resident who declined to give her last name. It wasn't just government that some people blamed - but the banking institutions as well. "I’m firing the banks," said Dedham resident Mark Mullen. "I’m staying [loan] free." If voter feelings on Monday were any measure of the 2012 election, eveyrone in Washington is in hot water. "We should vote them all out, every single one of them," Mullen said. Connie James, a Norwood resident shopping in Dedham, agreed. “We need to fire all them…
Sunday, July 31, 2011
Congressman Stephen F. Lynch held a telephone meeting with seniors from the Ninth Congressional District on Friday about the debt ceiling and it's potential impact on Social Security.
With several possible solutions to the U.S. debt limit issue in play and even more opinions on how those results could affect Social Security, seniors in the Ninth Congressional District have been reaching out to Congressman Stephen F. Lynch for answers. In a telephone town hall meeting on Friday, July 29, Lynch vowed to protect seniors and Social Security as the deadline to raise the national debt limit approaches. The Treasury Secretary has said the limit of $14 trillion will be reached by Aug. 2. Over the past two weeks, the Democratic congressman said his offices in Boston, Brockton and D.C. were all inundated with calls about the debt limit. Between 80 and 90 percent were from seniors asking questions about the impact a deal could …