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Here are some important things you need to know about the 2018 Tax Act! CHANGES TO INDIVIDUALS: -Increased standard deduction Single: $12,000, Head of Household: $18,000, Married Couples: $24,000 -No more…
For fiscal year 2015, Congress approved a $10.9 billion budget for the IRS. This is a cut of $346 million from 2014 and this budget is the lowest since 1998 (inflation considered). What should we expect?
The IRS will begin accepting e-file tax returns on January 20, 2015 for the 2014 tax year. The biggest change with tax preparation this year comes with the implementation of the Affordable Care Act.