2015 Standard Mileage Rates

  The IRS recently announced mileage rates to be used for travel in 2015. The business mileage rate increases by 1.5 cents while Medical and Moving mileage rates are lowered by one cent. Charitable mileage rates are unchanged. Standard Mileage Rates Mileage Rate/Mile Business Travel 57.5¢ Medical/Moving

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Do You Qualify for the Earned Income Tax Credit?

Do You Qualify for the Earned Income Tax Credit?  There are many requirements you must meet in order to qualify, but it may lower your tax bill.  Supporting a family can be difficult, not to mention expensive.  Working families  whose income is fairly low need all the

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The Extension that Never Ends

With the potential for retroactive tax law changes in 2014, please prepare for the extension of the following tax laws that expired in 2013. This expiration and extension treadmill has been going on for years. And while there is no guarantee that changes will be made, by

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Remember the Nanny Tax

Do you have a household employee? The “nanny tax” refers to the part of the tax code that deals with household workers that are treated as employees. The nanny tax rules require you to withhold Social Security and Medicare taxes for any household employee that earns $1,900

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Last-Minute Tax Moves

There’s still time As 2014 winds down, there is still time to reduce your potential tax obligation. Here are some ideas to make your 2014 tax return less of a burden on your wallet. Defer income or accelerate expenses. Remember individual taxpayers are on the “cash basis”of accounting

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