Tag Archives: IRS

IRS Standard Deductions for Tax Year 2014

The IRS has announced inflation adjusted tax brackets and standard deduction amounts for tax year 2014, effective 1 January, 2015. These are the numbers that you will have to use to prepare your 2014 tax returns in 2015. Standard deductions … Continue reading

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IRS Standard Deductions

A standard deduction is the dollar amount by which your taxable income is reduced. The amount of standard deduction is linked to inflation and can change from year to year. Standard deductions also depend on the filing status of the … Continue reading

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Summary of IRS Scandal

Have you been paying attention to the news about the IRS over the last month? Sometimes we hear different things from different sources and other bits of informations could be more so based on opinion than fact. It can be … Continue reading

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