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Tax Rants by David Rocci

Think the Fiscal Cliff is only for 2013? Think again…

Many Americans have been concerned about the “Fiscal Cliff” and I even wrote about how it was going to take a Christmas Miracle to save us from going overboard.  However, one common misperception about the cliff is that it only

Posted To: Tax Rants by David Rocci By: David Rocci on 12/29/2012 10:24:24 AM

Could the Fiscal Cliff be solved with a Christmas miracle?

Here is a playful twist on the famous poem “Twas the night before Chrismas  Twas the night before Christmas, when all through the good ole USA, All of its fine citizens were stirring, and many were quite worried Their financial

Posted To: Tax Rants by David Rocci By: David Rocci on 12/21/2012 10:19:44 PM

Sandy Hook incident puts it all in perspective

Sometimes we get caught up in discussions about Fiscal Cliffs, Mileage rates or if your lottery winnings are taxable.  But, then the events that tragically happened at Sandy Hook Elementary happen and we realize that we spend a lot of

Posted To: Tax Rants by David Rocci By: David Rocci on 12/17/2012 11:48:04 PM

Mileage rates increased for 2013

The IRS just released its standard mileage rates for 2013, which show slight increases from the current 2012 rates. These rates are made available so that employees, self employed individuals, and other taxpayers can calculate their tax deductible transportation costs

Posted To: Tax Rants by David Rocci By: David Rocci on 12/9/2012 11:17:38 PM

President and Congress working on deal to avoid fiscal cliff

President Obama is active pitching his plan to preserve current rates for the middle class while raising them for the wealthy. Congress and President Obama are actively trying to avoid the “fiscal cliff” which is a series of tax increases

Posted To: Tax Rants by David Rocci By: David Rocci on 11/28/2012 10:34:04 PM

Health savings accounts offer tax benefits

We are heading down the final stretch of 2012 and for many that means that it is time to review their benefits including medical, 401k and other fringe benefits.  One of those areas that are offered is the health savings

Posted To: Tax Rants by David Rocci By: David Rocci on 11/18/2012 2:46:33 PM

How much would it cost to be James Bond?

There is a certain attraction that comes to a character like James Bond and with the latest Bond movie, Skyfall, hitting the cinemas now, we are set to ponder, exactly how much would it cost to be James Bond? The

Posted To: Tax Rants by David Rocci By: David Rocci on 11/14/2012 7:17:36 AM

What is the fiscal cliff?

I happen to live near Chicago and we have a saying here that says Chicago has two seasons—winter and construction. It seems like the country has two seasons as well Election time and preparation for election time The Presidential election

Posted To: Tax Rants by David Rocci By: David Rocci on 11/8/2012 11:55:00 PM

Will my income increase?

The Social Security Administrations said this week that the monthly benefits for nearly 62 million recipients of Social how hard we work and what value we bring to the table so get busy   The 1.7 percent cost of living

Posted To: Tax Rants by David Rocci By: David Rocci on 10/27/2012 7:47:08 AM

Are credit card rewards taxable?

Many people often use credit cards for the rewards they offer.  People could receive free flights, cash back, or other gift cards, but could you actually be increasing your tax liability? We hope that you are paying off your credit

Posted To: Tax Rants by David Rocci By: David Rocci on 10/14/2012 8:25:06 PM