IRS Income Tax Season 2015 begins today.

IRS Income Tax Season 2015 begins today.

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The IRS had announced the official start to 2014 Tax Filing season at the end of December 2014. They will begin accepting 2014 individual and business income tax returns today, January 20th, 2015. Many individuals had their 2014 tax returns accepted early […]

Some Important Numbers for Tax Year 2015

Tax Year 2015: Things you should starting preparing for now.

Because of inflation adjustments required by law, the standard deduction, personal exemption and many other important tax numbers for the coming year will increase. Here are a few changes that will affect federal income-tax returns for the 2015 tax year, to be filed in 2016:

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2015 IRS Refund Cycle Chart for 2014 Tax Year

2015 IRS Refund Cycle Chart and e-file payment information.

This is a schedule for 2015 IRS Refund Cycle Chart. Direct Deposit and Check date’s below. Please see disclaimer. 2015 tax refund schedule is listed below for information purposes. This is just for the first week. Find out when you’re state income tax refund will be […]

Will there be a delay in getting federal tax refund in 2015?

Today, we contacted the Internal Revenue Service and were informed explicitly that their was no chance of 2014 Tax Refunds being delayed until October 2015. We were also informed that there might be a slight delay due to tax laws not being passed early enough in 2014: article here. This would mean probably a mere […]

2015 Tax Brackets

IRS Income Tax Season 2015 begins today.

Introduction

Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “bracket creep.” This is the phenomenon by which people are pushed into higher income tax brackets or have reduced value from credits or deductions due to inflation instead of an actual increase in real […]

Tax Season 2015 Begins….

Tax Season 2015 starts January 23rd 2015.

The I.R.S is expected to start accepting 2015 tax returns as of January 23rd, 2015 per the 2015 IRS Refund Cycle Chart. This doesn’t mean that you will not be able to submit your 2014 tax return to the I.R.S before then though. All of the I.R.S. tax […]

The Tax Changes in President Obama’s Fiscal Year 2015 Budget

The Tax Changes in President Obama’s Fiscal Year 2015 Budget

President Obama released his fiscal year 2015 budget yesterday. Overall, the president proposes to increase revenue by $1.759 trillion over ten years. This new revenue comes in the form of a couple large tax changes, numerous small tax changes, and new fees (which we don’t discuss in this post).

This analysis is a general […]