Tax Prep Begins

Photo Credit: Stuart Miles

Photo Credit: Stuart Miles

With the Holiday Season behind us our attention turns to year end tax preparation. Tax years 2013 and 2014 bring many changes that will affect most everyone in one way or another. The changes range from reduced education and energy credits to elimination of certain itemized deductions. One change is the “Sales Tax” deduction allowed for individuals living in states without an earned income tax. This tax deduction helped to bridge the deduction gap…effective 1/1/14 this deduction has been eliminated. If you wish to learn more about how this and other tax changes may affect you please contact us for a free discussion of your tax situation.

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