15 New Tax Rules of 2014

You may struggle with a multitude of new tax rules this season. Some changes took effect in 2013, but are just now coming into play, while others are new for 2014. Here’s what you need to know.

It may be time to retire that old saying: Nothing is certain but death and taxes. Actually, only the existence of taxes is certain—each new year brings a wide variety of changes that can affect your take-home pay, savings, and estate plans.

Some changes began in 2013 and may have been forgotten, but will have an impact as you enter numbers in Form 1040. Others changes came into play on January 1 of this year and should figure into your tax and general financial planning going forward. So let’s replace the old “nothing is certain…” with “forewarned is forearmed.”

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