Tax
Apr. 16, 2013
Looking ahead to 2014
Hopefully 2013 will be a more prosperous year, as the top bracket has increased from 35 percent to 39.6 percent and there is now, in some situations, a 3.8 percent tax on unearned income. By Bruce Givner and Owen Kaye
Taxpayers have now filed their personal income tax returns or extensions to file their returns by the Oct. 15 extended due date. With that pain in mind, it is time to begin the planning to impact the federal and state income tax returns due April 15, 2014. Hopefully those returns will reflect a more prosperous year. They will certainly reflect higher federal income tax rates since the top bracket has increased from 3...
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