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It’s That Time of Year – How to Calculate Your FSA Contribution Amount for 2012

For those of you who have a Flex Savings Account option at work, it’s time to set the total annual allotment for 2012 before the year starts.  I’ve always had mixed emotions about this provision of the tax code.  On one hand, you’re allowed to deduct medical expenses from your income normally subject to federal […]

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Winners and Losers Under Obama’s New Tax Plan

Monday, the administration released their budget plan which was purported to reduce the tax burden on middle-class Americans.  There will be clear winners and losers under the plan, so here are the high points: Winners Making Work Pay tax credit—$400 for individuals, $800 for a couple filing jointly—through 2011.  This was already in place for […]

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