Preview Key 2016 Tax Figures

While official numbers for 2016 are not yet released by the Internal Revenue Service (IRS), many figures are formulas set within the Internal Revenue Code (IRC) or are based on the Consumer Price Index (CPI) published by the Department of Labor. Using the release of recent CPI

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Should You Claim the Home Office Deduction?

It can reduce your income tax obligation, but be sure you understand the IRS’s rules. One of the many ways the internet has changed business over the last two decades is the increasing numbers of part-time entrepreneurs. Simple do-it-yourself website design tools have made it possible for

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Plenty to Gain with Tax Planning

Consider conducting a tax planning exercise now to see if you can take actions to minimize your taxes. Here are some ideas to get you started. Assess your income. Begin by determining how your income this year will compare to last year’s income. Then apply any tax

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Summer Child-Care Tax Opportunity

For millions of working parents the summer comes with the added challenge of finding care for their summer vacation bound kids. School hours need to be replaced with child-care hours.With summer underway, you probably now have the child-care summer gap covered. There is a good chance this

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