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Tax News

  • A Gift from Uncle Sam: Congress Passes the Extenders Package
    In the spirit of the holidays, the federal government is giving taxpayers another reason to celebrate: Congress has passed a better-than-expected tax law that goes beyond a one-year extension of key tax breaks. Several provisions may produce significant savings for taxpayers in 2015. Here are the details on which expired Read More
  • Important Tax Figures for 2016
    Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2016, compared with 2015, including the estate tax exemption, Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, Read More
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