Blog
Medical and Dental Expenses
Posted on November 25, 2015 at 3:00 PM |
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Medical and dental expenses can be claimed as an itemized deduction reduced by 10% of AGI.
Earned Income Credit
Posted on November 5, 2015 at 6:50 PM |
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For this years EIC:
Amount available are:
$3,359 for taxpayers filing jointly with one child
$5,548 for two children
$6,242 with three or more children
$503 for no children
Personal Exemptions
Posted on November 5, 2015 at 6:45 PM |
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This amount also goes up this year:
from $3,950 in 2014 to $4,000
Standard Deductions
Posted on November 5, 2015 at 6:45 PM |
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IRS released the 2015 standard deduction list:
Single $6,300
Married Filling Jointly $12,600
Married Filling Seperate $6,300
Head of Household $9,250
Surviving Spouse $12,600