2016 Tax Brackets and More from the IRS

2016 tax changesNot too long ago, the IRS released the latest information for 2016 tax brackets. It is the information you’ll use when you file your taxes in 2017. However, even though these numbers won’t be used when you file your 2015 taxes in the coming months, understanding some of these changes now can help you plan […]

November 9th, 2015|Tax News|0 Comments

Crackdown on Tax Fraud Coming in 2016

catching tax fraudAll forms of fraud are a matter of course in today’s world. Tax fraud is one of those things that has been on the rise in recent years. However, even as scammers try new techniques, the IRS and others are working to find new ways to detect fraudulent returns.

One of the reasons it’s so […]

What to Look for in This Year’s Tax Extenders Bill

It’s become a yearly ritual: Toward the end of the year, members of Congress put together a bill designed to extend tax breaks that have expired.tax extenders bill

Last year, Congress passed a tax extender bill for 2014 that retroactively extended certain breaks that expired in 2013 through 2014. That move meant that tax-year 2014 enjoyed […]

October 28th, 2015|Tax News|0 Comments

No Cost of Living Change for Social Security Benefits for 2016

sociaRecently, the Social Security Administration announced that there will be no cost of living increase for monthly Social Security income. Normally, when the cost of living goes up, Social Security recipients see an automatic increase in how much they receive each month. However, thanks to the fact that the government’s measure of inflation for this purpose shows now […]

October 20th, 2015|Tax News|0 Comments

Could the Supreme Court’s Same-Sex Ruling Impact Schools’ Tax Status?

supreme court same sex ruling and schoolsOne of the issues dominating tax and politics in recent years is same-sex marriage. For the last couple of years, issues related to same-sex marriage have been before the U.S. Supreme Court. Among the most significant changes in recent years was when the Supreme Court struck down the part of the […]

August 26th, 2015|Tax News|0 Comments