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Posted December 19th, 2014 in Producers, Employers, Individuals
The U.S. House of Representatives and Senate have both voted and approved an extension of more than 50 different tax provisions that expired at the end of 2013. The actions taken would retroactively extend these tax provisions for 2014, but it does not extend them into 2015.
Posted January 6th, 2014 in Producers, Employers, Individuals
The maximum amount that can be reimbursed with pre-tax dollars for mass transit officially dropped to $130 per month for employees as of January 1st. Last year the maximum reimbursement was $245 per month for mass transit so this may come as a shock to some employees. The decrease is a result of a tax law that expired at the end of 2013.
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