January 2, 2017
Standard Deduction: Married filing jointly – $12,700. Single taxpayers and married individuals filing separately – $6,350. Head of households – $9,350. Personal Exemption – $4,050. 5 fc STANDARD MILEAGE RATES: Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 5 cents per […]
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December 12, 2016
Tax season will officially begin on January 23, 2017. Refunds for Returns with EITC or ACTC will be delayed. The PATH Act of 2015 requires the IRS to hold refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) until February 15. The IRS must hold the entire refund — even the […]
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