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Monthly Archive for: ‘January, 2015’

Getting Organized for 2014 Tax Filing

You should start gathering your tax records for 2014 to prepare for your tax return filing. Using last year’s tax return, sort your documents to match the items on your tax return. Here is a list of more common tax records for indivduals: • Information tax forms (W-2, 1099, 1098, 1095-A, etc.) that disclose wages, interest income, dividends, and capital …

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Automobile Mileage Rates 2015

Standard Mileage Rates The IRS recently announced mileage rates to be used for travel in 2015. The business mileage rate increased by 1.5 cents while Medical and Moving mileage rates are lowered by one cent. Charitable mileage rates are unchanged. 2015 Standard Mileage Rates Mileage Rate / Mile Business Travel 57.5₵ Medical / Moving 23.0₵ Charitable Work 14.0₵ Below are …

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Tax Extension Bill for 2014

Extender Bill Passes In late December, Congress finally extended many of the tax provisions that were due to expire at the end of 2013. Here is a list of the commonly used tax provisions that will now be available to you when you file your 2014 tax return. . • Teacher $250 deduction for qualified classroom expenses • Deduction for …

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