Who Should File a 2014 Tax Return?

Most people file their tax return because they have to, but even if you don’t, there are times when you should.   You may be eligible for a tax refund and not know it.  This year, there are a few new rules for some who must file.  Following are six tax tips to help you determine […]

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IRS Starts 2015 Tax Season

The Internal Revenue Service announced the opening of the 2015 filing season.  The IRS Free File program, available at IRS.gov, opened Friday, and the IRS will begin accepting and processing all tax returns on Tuesday – January 20th.  Taxpayers have until Wednesday – April 15th to file their 2014 tax returns and pay any tax […]

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2015 Increase of Standard Mileage Rate

The Internal Revenue Service issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.  Following are the three big categories that are covered, each with a different amount of money per mile.  Beginning on January 1, 2015, the standard mileage rates […]

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Choosing the Right Filing Status

  Using the correct filing status is very important when filing your tax return, it can affect how much you pay in taxes and may even affect whether you must file a tax return.  When choosing a filing status, keep in mind that your marital status on Dec. 31 is your status for the whole […]

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Getting Married can Affect your Premium Tax Credit

The IRS reminds newlyweds to add a health insurance review to their to-do list.  This is particularly important if you receive premium assistance through advance payments of the premium tax credit through a Health Insurance Marketplace. If you, your spouse or a dependent gets health insurance coverage through the Marketplace, you need to let the Marketplace […]

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