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  #3  
Old 01-10-2005, 10:29 PM
Phoebe Roberts, EA
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Default Re: Changes for 2005

D. Stussy wrote:

- quote -

> HSA deduction: Self-only increased to $2,650. (I think that
> the full-family limit went to $5,200, but I don't have any
> clients in that class).


I'm in that class, and I agree the family deduction is
$5,200. Our insurance of course conveniently raised the
deductible to ensure we'd be able to take maximum advantage
of the deduction.

Phoebe

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  #2  
Old 01-10-2005, 01:02 AM
D. Stussy
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Default Re: Changes for 2005

Herb Smith wrote:
- quote -

> Richard Barndt wrote:

> > I know most folks are focused on the 2004 taxes this time of
> > year, but January is also a time for tax changes for the
> > next year.
> > > IRA limit is raised to $4,000 per year.

> > 401k limit is raised to $14,000.
> > > Are there any other changes I should be aware of?


> A revised Pub 553 should be available before the end of
> the month. Download a copy at http://www.irs.gov
> That should cover 2004 and 2005 changes effective to date.


HSA deduction: Self-only increased to $2,650. (I think that
the full-family limit went to $5,200, but I don't have any
clients in that class).

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  #1  
Old 01-07-2005, 04:47 PM
Harlan Lunsford
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Default Re: Changes for 2005

Richard Barndt wrote:

- quote -

> I know most folks are focused on the 2004 taxes this time of
> year, but January is also a time for tax changes for the
> next year.
> IRA limit is raised to $4,000 per year.
> 401k limit is raised to $14,000.
> Are there any other changes I should be aware of?


Might just be!

Check IRS web site; www.irs.gov and somewhere there4 you'll
see a blurb about tax changes of which you should be aware.

ChEAr$,
Harlan Lunsford, EA n LA
Thu, 6 Jan 2005

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Old 01-07-2005, 03:49 PM
Herb Smith
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Posts: n/a
Default Re: Changes for 2005

Richard Barndt wrote:

- quote -

> I know most folks are focused on the 2004 taxes this time of
> year, but January is also a time for tax changes for the
> next year.
> IRA limit is raised to $4,000 per year.
> 401k limit is raised to $14,000.
> Are there any other changes I should be aware of?


A revised Pub 553 should be available before the end of
the month. Download a copy at http://www.irs.gov
That should cover 2004 and 2005 changes effective to date.

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  #-1  
Old 01-04-2005, 07:21 AM
Richard Barndt
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Default Changes for 2005

I know most folks are focused on the 2004 taxes this time of
year, but January is also a time for tax changes for the
next year.

IRA limit is raised to $4,000 per year.
401k limit is raised to $14,000.

Are there any other changes I should be aware of?

--
Richard

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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