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Friday, February 7, 2014

Taxes

Econ Comments & Analysis                                                                                            
WSJ | Retirees' Untapped Tax-Deferred Savings Face Big Hit
Many boomers in or near retirement have a big share of their wealth tied up in tax-deferred accounts that will cost them extra in taxes if they fail to plan carefully.

Blogs                                                                                                                             
Heritage Foundation | IRS Chief: Taxpayers Need to Be Aware of Possible Repayments for Obamacare Tax Credits
The new head of the Internal Revenue Service said in a congressional hearing Wednesday that he’s concerned Americans aren’t aware of a tax credit issue in Obamacare that could cause headaches as early as next year’s tax filing season.