2014 Guidance and IRS Developments


Social Security Administration Provides Inflation-Adjusted Figures for 2014

  • November 5, 2013 - The Social Security Administration has released the 2014 inflation adjusted numbers for numerous items of importance including the COLA adjustment, tax rate, maximum taxable earnings and exempt amounts for the retirement earnings test, among other things. 

Inflation Adjusted Amounts for 2014

  • November 1, 2013 - The IRS has released the inflation adjusted amounts for various tax items for calendar year 2014.  Included are the new numbers for the tax rate schedules, standard deduction, limitation on itemized deductions, limits for various credits and other important information.