What You Need to Know about Taxable and Non-Taxable Income
All income is taxable unless a law specifically says it isn’t. Here are some basic rules you should know to help you file an accurate tax return:
If/Then Chart Explains How the Health Care Law Affects You
As you prepare to file your 2016 tax return, review this chart to see how the health care law affects you.
What is the Additional Medicare Tax and Who Pays It?
Some taxpayers may be required to pay an Additional Medicare Tax if their income exceeds certain limits. Here are some things that you should know about this tax:
IRS Offers Tips on Validating Your Identity on Your Tax Return
You should always keep a copy of your tax return. It is even more important for 2017, as the Internal Revenue Service moves to strengthen its e-signature validation process.
2017 Standard Mileage Rates for Business, Medical and Moving Announced
The Internal Revenue Service issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Employers & Health Coverage Providers: You Have More Time in 2017 to Provide Information Forms to Covered Individuals
The IRS extended the 2017 due date for employers and coverage providers to furnish information statements to individuals. The due dates to file those returns with the IRS are not extended. This chart can help you understand the upcoming deadlines.
New Law Sets January 31 W-2 Filing Deadline; Some Refunds Delayed Until February 15
A new federal law moves up the W-2 filing deadline for employers and small businesses to Jan. 31. The new law makes it easier for the IRS to find and stop refund fraud. It also delays some taxpayer refunds. Those taxpayers claiming the Earned Income Tax Credit or the Additional Child Tax Credit won’t see…
2016 Tax Considerations
The followings are articles regarding tax law changes and are categorized in: Extender Provisions Individual Income Tax Provisions Education Trust, Estate and Descendent Income Tax Estate, Gift and Generation-Skipping Transfer Taxes Pension and IRA Provisions Business Provisions Things to Consider before the End of 2016 2016 Tax Rate Schedule 2017 Tax Rate Schedule
How to Get a Copy of Your Prior Year Tax Information
There are many reasons why you may need a copy of your tax return information from a prior year. Transcripts are free and available for the most current tax year after the IRS has processed the return. You can also get them for the past three tax years. If you don’t have your copy, the…
Looking for Work May Impact Your Taxes
If you are looking for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about when searching for a new job:
