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Taxi rival bills itself as 'non a-hole' Uber

Business News - Thu, 11/20/2014 - 10:44
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Tax-Savings Tips From Licensed Experts

Features - Thu, 11/20/2014 - 10:29
Five words or less

(NewsUSA) - As tax season approaches, there's still time to talk to a licensed tax specialist about your withholding and other possibilities for improving your tax-time savings.

The National Association of Enrolled Agents -- a group of licensed tax practitioners who focus solely on taxation year-round -- offers these tips:

* Increase or max out retirement contributions. Contribute more to your 401(k) to reduce your taxable income and your tax bill.

* The tax break for making a charitable gift from an Individual Retirement Account expired on Dec. 31, 2013. Anticipating that Congress will extend the deduction for 2014, some financial advisors are advising their clients to make the donations from their IRAs.

* If you can itemize deductions, giving to charity may also reduce your tax bill. In addition to contributions made by cash, check or credit card, items around the home that are in good condition can be donated to a qualified charitable organization. Remember to make a list of the items and determine their fair market value. Clip the list to the receipt from the organization, and keep it with your tax documents. Photos of donated items are also recommended.

* Gift-giving is another great tool. For 2014, the annual gift tax exclusion remains the same as 2013 at $14,000 ($28,000 for married couples making split-gifts).

* Sometimes, a major life change is thrown your way, and you might not think of it as a tax deduction. If you found yourself looking for a new job, then agency fees, resume expenses, career counseling costs and travel related to the job search may be deductible even if the job search was unsuccessful.

* On Jan. 1, 2013, the 3.8 percent net investment income (NII) surtax took effect. The surtax, which was passed by Congress to help fund health care reform, is imposed on the net investment in- come of higher-income individuals, estates and trusts that exceed certain thresholds. Generally, the surtax applies to passive income but can also hit capital gains from the disposition of property. Strategies should be considered to minimize, if possible, the surtax. The 0.9 percent Additional Medicare Tax that reaches higher-income individuals became effective on Jan. 1, 2013 as well.

* Watch the news. Late tax legislation by Congress might mean a delay to the start of the tax-filing season -- as was the case in 2013. If any adjustments in your plans need to be made, you won't be too late.

For more tips and to find an en- rolled agent, visit www.naea.org.

5 Thai students detained after 'Hunger Games' salute

CNN World - Thu, 11/20/2014 - 10:13
Five university students who used the signature three-fingered salute from "The Hunger Games" in front of Thailand's Prime Minister were detained Wednesday and told they'll face a charge of breaking martial law, a lawyer said.
Categories: International News

Russian website streams thousands of private webcams

Business News - Thu, 11/20/2014 - 10:04
Read full story for latest details.

Minivans fail spectacularly in crash test

Business News - Thu, 11/20/2014 - 09:48
Read full story for latest details.

See Paul McCartney -- in virtual reality!

Business News - Thu, 11/20/2014 - 09:46
Have you ever thought to yourself, "I really like this Paul McCartney song, but I wish I could see him playing it from multiple angles?"

Prayers resume at attacked synagogue

CNN World - Thu, 11/20/2014 - 09:34
At the Jerusalem synagogue where two Palestinians carried out a bloody attack with butcher knives and a gun this week, worshipers are determined to keep praying.
Categories: International News

Human face carved in gemstone

CNN World - Thu, 11/20/2014 - 09:27
Experimental Chinese jeweler stumbles on something mysterious.
Categories: International News

The $50 earthquake alarm

CNN World - Thu, 11/20/2014 - 09:25
In September 1985 a devastating earthquake measuring 8.1 on the Richter Scale smashed into Mexico City killing 10,000 people and leaving parts of the city in ruins.
Categories: International News

Billboard 200 chart will now count streaming

Business News - Thu, 11/20/2014 - 09:25
While Taylor Swift has given up on free streaming music, Billboard hasn't.

Big cash for old bags?

CNN World - Thu, 11/20/2014 - 09:24
Just don't expect thrift store prices.
Categories: International News

Obesity costs global economy $2 trillion

Business News - Thu, 11/20/2014 - 09:24
The obesity epidemic has grown too big to ignore.

Bizarre creatures from the deep

CNN World - Thu, 11/20/2014 - 09:22
A portrait photographer has captured sea creatures in gorgeous detail.
Categories: International News

Big jump in Medicaid spending after Obamacare

Business News - Thu, 11/20/2014 - 09:06
Medicaid spending is expected to soar more than 11% in fiscal 2014 as many states expand the program under Obamacare.

App takes guessing out of wine buying

Business News - Thu, 11/20/2014 - 09:02
For most of us, wine remains a big mystery.

Learn to live with it: Becoming stress-free

Health - Thu, 11/20/2014 - 08:37
People believe that stress comes from external sources. That's why they're so stressed, author A. Parthasarathy writes.
Categories: Health

New 'Cinderella' arrives

CNN Entertainment - Thu, 11/20/2014 - 08:21
The trailer for 2015's "Cinderella" doesn't feature any singing mice, but it's magical all the same.
Categories: Entertainment News

Starving and scared in East Ukraine

CNN World - Thu, 11/20/2014 - 08:06
Spent bullets gleam in the wintry sun, sandbags sag over deserted trenches, and tanks slowly rust. The fight for control of eastern Ukraine is taking its toll on the area's residents.
Categories: International News

Greatest stage spectacles on Earth

CNN World - Thu, 11/20/2014 - 08:01
New tech is transforming concert experiences into eye-popping extravaganzas
Categories: International News

Dog nearly chews off paw to escape chain

CNN - Thu, 11/20/2014 - 07:26
An 11-month-old puppy had one of its legs amputated after it almost chewed off its paw while chained up. KSWB reports.
Categories: National News

 

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