taxes

IRS Announces 2014 Tax Brackets, Standard Deduction Amounts And More

Taxes

The Internal Revenue Service has announced the annual inflation adjustments for a number of provisions for the year 2014, including tax rate schedules, tax tables and cost-of-living adjustments for certain tax items.

These are the applicable numbers for the tax year 2014That means the year that we are in now. They are NOT the numbers and rates that you’ll use to prepare your 2013 tax returns in 2014 (the season is starting late this year).  These numbers and rates are those you’ll use to prepare your 2014 tax returns in 2015. Got it? Good. Onto the highlights:


SOURCE: forbes


Questions About Our Services?

Let us help you! Call us now at 1(866)999-2829


Send Us a Message