2014 Tax Year

We are pleased to provide this information as a reference tool for our clients.  However, because many of the limitations and amounts referenced below are subject to adjustment and/or phaseout depending on the taxpayer's adjusted gross income, taxpayers are encouraged to seek professional guidance before utilizing this information.  As always, the team at GGA&M is ready to assist should [...]

UPDATE as of December 19, 2014:  Congress passes the Tax Increase Prevention Act of 2014 ("TIPA"), preserving popular tax breaks through December 31, 2014 As we noted below, in our original posting, Congress had allowed many popular tax breaks to lapse as of December 31, 2013.  Fortunately, Congress passed, and the President signed, TIPA legislation [...]