As the new year rolls around, it's always a sure bet that there will be changes to current tax law and 2015 is no different. From health savings accounts to retirement contributions and standard deductions, here's a checklist of tax changes to help you plan the year ahead.

For 2015, more than 40 tax provisions are affected by inflation adjustments, including personal exemptions, AMT exemption amounts, and foreign earned income exclusion, as well as most retirement contribution limits.

• For 2015, the tax rate structure,
• Alternative Minimum Tax (AMT)Exemption amounts
• Kiddie Tax
• Health Savings Accounts (HSAs) Contributions
• Medical Savings Accounts (MSAs)
• AGI Limit for Deductible Medical Expenses
• Eligible Long-Term Care Premiums
• Medicare Taxes
• Foreign Earned Income
• Long-Term Capital Gains and Dividends
• Pease and PEP (Personal Exemption Phaseout)
• Estate and Gift Taxes
• Adoption Credit
• Earned Income Tax Credit
• Child Tax Credit
• Child and Dependent Care Credit
• American Opportunity Tax Credit and Lifetime Learning Credits
• Interest on Educational Loans
• Contribution Limits
• Income Phase-out Ranges
• Saver's Credit In 2015
• Standard Mileage Rates
• Section 179 Expensing For 2015
• Employee Health Insurance Expenses
• Transportation Fringe Benefits

While this checklist outlines important tax changes for 2015, additional changes in tax law are more than likely to arise during the year ahead.

Don't hesitate to call us if you want to get an early start on tax planning for 2015. We're here to help!

In late December Congress finally took action, passing the tax extender bill, officially known as the Tax Increase Prevention Act of 2014 (H.R. 5771), which was signed into law by President Obama.

The good news is that these tax provisions are retroactive to January 1, 2014. The bad news is that they expired on December 31, 2014. Even so, you might be able to take advantage of them when you file your 2014 tax return. 

• Let's take a look at some of the tax provisions most likely to affect taxpayers when filing their 2014 tax returns.
• In addition to the tax extenders, there's also good news for people with disabilities.
• 40 tax provisions including tax rate schedules and other changes adjusted for inflation in 2015 most likely to affect you.