Key Tax Developments, Quarter 1

We’ve summarized some of the tax developments from the first quarter of 2014 that may have an impact on you and your family.  Some of the highlights from this quarter include:

• New IRS limit for IRA rollovers
• Update on tax breaks that expired at the end of 2013
• Update on Supreme Court’s ruling regarding severance pay and social security taxes
• Luxury auto depreciation limits for 2014
• Information for employers affected by the mandate to provide health insurance
• IRS guidance for virtual currency

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