Last Reviewed: Jan 2015
Last Modified: Jan 2015
Many experts seem to think the Great Recession is over, or nearly so. This means income is climbing for many people. Many have seen increases in compensation; others have shared in impressive gains in the Metro area real estate market. Rental rates are also on the rise and the stock markets have had a good year and we seem to be moving into 2015 with the markets on the upswing. It should not surprise anyone that higher income means more taxes, but also more opportunities for rebuilding retirement savings and acquiring investment assets. There are areas where the goal of reducing taxes and building wealth coincide and the first part of our 2014 newsletter focuses on these jewels within the Tax Code. We will also take a look at changes for the 2014 filing season with a focus on our potential reporting nemesis - the Affordable Care Act.