by rhesseling | Jan 28, 2017 | Tax Related
Taking advantage of tax breaks aimed at working families can significantly decrease your tax burden. Lowering your adjusted gross income (AGI) through eligible deductions is especially important when filing jointly if both spouses work and earn an income. Check out...
by rhesseling | Aug 29, 2016 | Tax Related
The IRS just announced its inflation adjustments for next tax year. The Internal Revenue Service announced new inflation-adjusted income brackets for the 2016 tax year. The top tax rate of 39.6% now applies to single taxpayers earning more than $415,050 ($466,950 for...
by rhesseling | Aug 29, 2016 | Tax Related
Understand Your Taxpayer Bill of Rights Every taxpayer has a set of fundamental rights. The “Taxpayer Bill of Rights” takes the many existing rights in the tax code and groups them into 10 categories. You should know these rights when you interact with the IRS....
by rhesseling | Aug 29, 2016 | Tax Related
Tax Breaks for the Military If you are in the U. S. Armed Forces, there are special tax breaks for you. For example, some types of pay are not taxable. Certain rules apply to deductions or credits that you may be able to claim that can lower your tax. In some cases,...
by rhesseling | Jan 11, 2016 | Tax Related
Hey Everybody. More helpful tips from your taxman. See below. Another excellent reason why it pays to have a pro prepare your taxes. Tell your friends and co-workers who use Turbo Tax or H&R Block, etc. that it’s far better to use a professional like RH...