Tax Quiz – How well do you know tax facts?

As April is tax month, included here is a short quiz to see how well you know your taxes. Since everyone tends to think they have it worse than their neighbors, this year’s quiz revolves around state imposed taxes. Enjoy! Can you name the seven states that

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Estate & Gift Tax Update

Now that the federal Unified Estate and Gift Tax has a level of certainty in it, here are the updated figures for 2014. Maximum Estate and Gift Tax rate 40% Inflation adjusted estate exclusion: $5.34 million Annual Gift Giving Exclusion: $14,000 ($28,000 per couple) Observations: Portability of

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2014 Mileage Rates

Standard Mileage Rates Mileage 2014 Rate/Mile Business Travel 56.0¢ Medical/Moving 23.5¢ Charitable Work 14.0¢ Here are 2013 rates for your reference as well. 2013 Mileage Rates Standard Mileage Rates Mileage 2013 Rate/Mile Business Travel 56.5¢ Medical/Moving 24.0¢ Charitable Work 14.0¢

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Children’s Online Privacy Gets a Boost

There is little question that one of the biggest concerns of parents today is their childrens’ online safety. There are few barriers keeping young children from setting up a Facebook account or a free service through Google. Thankfully, in the FTC issued amendments to the Children’s Online

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Key 2014 Tax Information

Item 2014 2013 Change Maximum income tax rate 39.6% 39.6% – Maximum Medicare tax rate 2.35% 2.35% – Social Security employee rate 6.2% 6.2% – Max Dividend/Capital Gain rate 23.8% 23.8% – Personal Exemption $3,950 $3,900 +$50 Standard Deductions Single $6,200 $6,100 +$100 Joint or Qualifying Widow

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