Income Taxes

The Latest

  • November 10, 2015

    To give you a head start on the 2016 tax year, Bloomberg BNA has released their tax rate/bracket predictions.

    The Federal income tax currently consists of 7 rate brackets: 10%, 15%, 25%, 28...

  • November 5, 2015

    When tax time comes around, inevitably there are people who are not able to pay everything they owe.

    Although the IRS always prefers that you find a way to pay your taxes in full, circumstances can sometimes prevent that from happening. If...

  • November 3, 2015

    The U.S. government expects you to pay income taxes to the IRS each year. Most Americans have taxes withheld from their wages, which helps to avoid owing the IRS a large sum at the end of the year....

  • October 30, 2015

    If you owe taxes, it may feel as though you’ve been cast adrift upon a sea of uncaring bureaucracy. Don’t despair—you have rights! In fact, there is a new “...

  • October 28, 2015

    The ability to work for yourself and be your own boss is an exciting prospect. Becoming self-employed in your field of expertise can give you the freedom to find a work-life balance that is hard to achieve when you are employed by a someone else...

  • October 27, 2015

    When you prepare your tax return, you have the option of claiming the standard deduction or itemized deductions.

    While the standard deduction is easier to claim, about one-third of...