Tax Law Snapshots for the 2014 Filing Season

Tax Law Snapshot for Individuals

Getting trusted advice has never been more important than now. The American Taxpayer Relief Act of 2012 (ATRA) brought significant changes that will affect your 2013 tax liability. In addition to extending a number of tax provisions that had lapsed or were set to expire, the ATRA increased tax rates and curtailed deductions for many high-income taxpayers. The law also extended tax benefits for many middle-income taxpayers (though some will expire on Dec. 31, 2013). These changes affect millions of taxpayers, as will select provisions of the Patient Protection and Affordable Care Act of 2010.

Tax Law Snapshot for the 2014 Filing Season provides an overview of these key tax law provisions that may you. Information is current as of Dec. 10, 2013.

Tax Law Snapshot for Small Businesses

As the economy recovers, you want to position your business for growth. By combining unrivaled education, training and experience and adherence to rigorous professional standards, your CPA can help you do just with that, with trusted tax advice and service during tax season and throughout the year.

The American Taxpayer Relief Act of 2012 (ATRA) made important changes that will affect your tax liability and business decisions, both now and in the future. In addition to extending a number of tax provisions that had lapsed or were set to expire, the ATRA increased tax rates and curtailed deductions for many high-income taxpayers.

These changes affect millions of taxpayers, as will select provisions of the Patient Protection and Affordable Care Act of 2010. Many of the tax laws that pertain to individuals also will affect small business owners, particularly those who are set up as pass-through entities such as an S corporation or LLC.

Tax Law Snapshot for the 2014 Filing Season provides an overview of key tax law provisions that may affect your 2013 tax return. Information is current as of Dec. 10, 2013.