Taxes

 Mass Transit Tax Credit to Shrink in 2014

December 26, 2013 

Mass Transit Tax Credit to Shrink in 2014

WASHINGTON — Thousands of Maryland bus and MARC train riders could pay more for their commute starting in January after Congress failed to renew an expiring tax credit that rewards mass transit use. Current federal law allows bus and rail commuters to withhold up to $245 a month in pre-tax income. The cap falls to...…

 Analysts Predict Rising Salaries & Wages in 2014

December 19, 2013 

Analysts Predict Rising Salaries & Wages in 2014

The pace of private-sector wage growth likely will pick up in the latter half of next year, according to the revised fourth-quarter Wage Trend Indicator (WTI) released today by Bloomberg BNA, a leading publisher of specialized news and information.

 IRS Tax Tips for Charitable Giving

December 17, 2013 

IRS Tax Tips for Charitable Giving

With the end of 2013 rapidly approaching, the Internal Revenue Service is reminding individuals and businesses who make contributions to charity to keep in mind several important tax factors that have taken effect in recent years.