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Taxpayers can contribute up to $17,500 to their 401(k) plans in 2013.

IRS Announces Pension Plan Limitations for 2013 The IRS released cost of living adjustments that will affect the dollar amount limitations for contributions to pension plans and other retirement items for 2013.

Urgent 2013 Tax Planning Issues Don’t assume that Congress will extend the Bush-era tax cuts that are set to expire at the end of 2012.Start preparing a plan now that you can put into action before year end if, in fact, the tax cuts do expire.

Most Parents Should Keep Dependency Exemption for a Child in College It is usually more beneficial for the family tax situation if the parents are able to claim the college student as a dependent on their tax return, since most students have little or no tax liability. Be aware that there are tests that must be met in order to qualify as a dependent when the student ...

Many parents failing to educate children about money Children often aren’t getting much of an education about money from their parents, a survey commissioned by the AICPA shows. Three in 10 parents never talk to their children about money or have discussed money with their children just one time.