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Planning 2016 Taxes: New Income Levels for Tax Brackets
Planning 2016 Taxes: New Income Levels for Tax Brackets Here is a quick look at 2016 tax rates and their associated income levels. Using your past tax information, you can plan for your tax obligation next year starting now. Don’t forget that tax payers in the higher income levels are also subject to an additional .9% Medicare Tax introduced to help pay for the Affordable Care Act. This will impact those with incomes over: $200,000 Single filing $250,000 Married filing joint 2016 TAX RATES & RELATED INCOME LEVELS Action Steps Review your Adjusted Gross Income and use the chart above
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Double Check the Check
Double Check the Check – An idea to keep your tax life simple Following these tips when you receive a check from the Federal or State government can save you more head-aches than you can imagine. Tip: Double check the dollar amount of your refund check before you cash it. Make sure it matches the amount on your tax return. Tip: If you have a direct deposit of your refund, only deposit it into one account. This makes matching the dollar amount easier to do. Tip: Never cash a check received from the IRS or State tax departments that you
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