2015 Year-End Estate Tax Planning

In 2015, the federal estate tax exemption is $5.43 million.  With little planning, a married couple can pass up to $10.86 million worth of assets to heirs, so no estate tax will be due.  Those numbers will increase in the future with inflation. With such a large exemption, you may think that estate tax planning […]

Notice: 2015 Tax Organizers Mailed

Date of Mailing: January 22, 2016

Please be aware that we mailed the 2015 tax organizers on January 22, 2016.  If you have any questions or concerns regarding the information reflected in this document, or if we can assist you in compiling your tax information, please do not hesitate to contact us. If you are not an existing client of the […]

2015 Filing Season Reference Guide

  Tax Rates – Single Taxpayers If Taxable Income is Of the Greater Than But Less Than Tax is Plus Amount Over -0- $    9,225 10% N/A -0- $ 9,225 $  37,450 $      922.50 15% $   9,225 $ 37,450 $   90,750 $   5,156.25 25% $   37,450 $ 90,750 $ 189,300 $   18,481.25 28% $   90,750 […]

Reduce Your Tax Burden by Deducting Taxes Paid

  When filing individual income tax returns, you have the option to itemize deductions or take the standard deduction. For 2015, the standard deduction amounts are as follows: Filing Status Standard Deduction Amount   Single $   6,300   Married Filing Jointly $ 12,600   Head of Household $   9,250   While taking the standard deduction […]