Federal Income Tax Changes 2013 (Currently Unavailable)

Author: Paul J. Winn

Each year, various limits affecting income tax preparation and planning change. Some changes commonly occur each year as a result of inflation indexing, while others occur because of new legislation or the sunsetting of existing law.

This course will examine the tax changes that took effect in 2013 that are more significant from the perspective of an income tax preparer. Some context will be supplied, as appropriate, to assist readers in understanding the changes. In addition to these customary annual changes affecting various limits, certain other tax changes effective in 2013 that were brought about by the Patient Protection and Affordable Care Act (PPACA) will be discussed.

Publication date: October 2013

Designed For
Practitioners involved in tax preparation.

Topics Covered

• Change in Various Limits
• Changes in Tax Credits
• Changes in Archer MSAs, HSAs, & IRAs

Learning Objectives

• Recognize the 2013 changes and calculate tax changes in various amounts
• Identify the 2013 tax credit changes and what type of credit it affects
• Recognize tax changes effective for 2013 brought about by the Patient Protection and Affordable Care Act

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (3 hours)

Program Prerequisites
Familiarity with tax preparation.

Advance Preparation
None.