Tag: 2014

This page tracks Social Security Cost-of-Living Adjustments year by year — confirmed figures and the latest forward estimates. The 2026 COLA is confirmed at 2.8%, effective January 2026. The 2027 COLA is currently tracking around 3.8%, after briefly spiking toward 4.7% in June. I've also added what the latest Trustees…

The Saver's Credit gives lower- and moderate-income workers a direct tax credit — not just a deduction — for contributing to a retirement account. For 2026, the income limits increased across all filing statuses, so more people now qualify than in prior years. The IRS confirmed these thresholds in Notice…

See this article for the latest IRS updates to federal tax brackets and standard deductions. ____________ Below are the 2014 IRS federal tax brackets based on annual inflation adjustments. Given the low inflation environment there were only moderate increases in tax brackets, standard deductions and to the personal exemption. The main changes…

The maximum federal Supplemental Security Income (SSI) payment for 2026 is $994 a month for an individual and $1,491 a month for a couple, confirmed by the Social Security Administration's 2.8% cost-of-living adjustment (COLA). That's up from $967 and $1,450 in 2025. Most people don't actually get the maximum. Your…

President Obama's signature health care legislation, the Affordable Care Act, is very much in place now and in the next few months a number of Americans are going to see a lot more of the regulations and laws come into place. This includes: Penalties for No Health Insurance. Beginning in…

With the 2012 tax season in the rear view mirror, its time to start thinking about 2013 taxes and strategies that you can put in place to minimize taxes owed in 2014.  But before that take some time to familiarize yourself with the new 2013 tax brackets shown below. But, be careful…

If I had to pick one tax-advantaged account most people are underusing, it would be the HSA — and it's not particularly close. I've been contributing to one for years, and the more I've learned about how these accounts work, the more I think of them as a stealth retirement…

The Earned Income Tax Credit (EITC) is the largest refundable federal tax credit for working families and individuals. For tax year 2026 — the income you'll report on the return you file in early 2027 — the maximum credit rises to $8,231 for families with three or more qualifying children.…