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Tax Reminder

Posted at April 2, 2014 | By : | Categories : Uncategorized | Comments Off on Tax Reminder

Remember you have till April 14th to get in your 2013 tax contributions. This year standard limit is 5,500 for under 50 per individual and a catch up of 6,500 for those over 50.

http://www.bankrate.com/finance/taxes/retirement-plan-contribution-limits.aspx

Here is a snapshot of tax situation. Also know your income level. Per example:

http://www.bankrate.com/finance/taxes/2013-tax-bracket-rates.aspx

You could be at the 146k household amount level and if you stay above 146,400 you are in the 28% tax bracket. Making a last minute contribution MIGHT just keep you at the 25% tax level. 1k could save you 4,300 bucks……. When you start making REAL money, you HAVE to have a good accountant that knows where you will fall. If not, you are only costing yourself money.

Just a heads up!

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