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For 2014, the minimum wage is $7.25.

For 2014, the minimum wage is $7.25.

For 2014, the minimum wage is $7.25.

For 2014, the minimum wage is $7.25.

For 2014, the minimum wage is $7.25.

Starting in 2014, the Internal Revenue Service plans to increase the processing fees for installment agreements and offers in compromise, in addition to other payment arrangements.
Effective January 1, 2014, processing fees for standard installment agreements will increase, Fees for direct debit installment agreements, however, will remain unchanged. Low-income fees and fee waivers will also be unchanged.
Starting January 1, 2014 the fee for entering into an installment agreement will increase from $105 to $120, according to the Federal Register. The fee for restructuring or reinstating an installment agreement will go up $5 from $45 to $50. The fee for processing an offer in compromise will rise from $150 to $186.
Under the regulations as originally proposed, the reduced fee of $43 for low-income taxpayers who request a new installment agreement would remain unchanged.

The saver’s credit can increase a taxpayer’s refund or reduce the tax owed. Though the maximum saver’s credit is $1,000, $2,000 for married couples
The saver’s credit can be claimed by:Married couples filing jointly with incomes up to $59,000 in 2013 or $60,000 in 2014;
Heads of Household with incomes up to $44,250 in 2013 or $45,000 in 2014; and Married individuals filing separately and singles with incomes up to $29,500 in 2013 or $30,000 in 2014

Eligible taxpayers must be at least 18 years of age.
Anyone claimed as a dependent on someone else’s return cannot take the credit.
A student cannot take the credit. A person enrolled as a full-time student during any part of 5 calendar months during the year is considered a student.

The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans is $6,000, In 2017, the total maximum contribution would be $18,000 plus $6,000 catch up = $24,000.

Deduction for Mortgage Insurance Premiums - Homeowners can deduct the cost of mortgage insurance premiums as part of their deduction for mortgage interest. However, this deduction expires at the end of 2013.