The Tax Corner – May 2015

By Nancy Espinoza, Tax Manager IRS Announces 2016 HSA Limits The IRS has announced the 2016 contribution limits for high-deductible health savings account. For individuals with self-only coverage, the contribution limit will remain at $3,350. For family coverage under a high-deductible plan, the 2016 limit will increase to $6,750. For details, click here. U.S. Department [...]

By | May 19th, 2015|Accountants, Department of Labor, IRS, May 2015, Newsletter|0 Comments

The Tax Corner – December 2014

By Nancy Espinoza, Tax Manager IRS Announces 2015 Pension Plan Limits The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan will increase in 2015 from $17,500 to $18,000. The catch-up contribution limit for employees aged 50 and over who participate in 401(k), [...]

By | December 16th, 2014|Accountants, December 2014, Newsletter, Taxes, Unemployment|0 Comments

IRS Updates App to Make Your Taxes Easier

Filing your taxes can be a stressful experience, with mountains of paperwork and the nagging worry that you may get hit with a penalty. Luckily, the IRS has simplified the process by updating their app, IRS2Go 4.0. The app allows users to check on tax return status, review tax records for outstanding liabilities or other [...]

By | August 18th, 2014|Taxes|0 Comments