Newsletter Archives

IRA FAQs – 2015 Contributions

How long do I have to make 2015 IRA contributions?

You can make 2015 IRA contributions until April 18, 2016, excluding extensions.

How much can I contribute to an IRA?

The contribution limit for 2015 and 2016 is $5,500, or $6,500 …

2016 Standard Mileage Rates

As of Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are:

54 cents per mile for business miles driven, down from 57.5 cents for 2015
19 cents …

Significant Tax Benefit: EITC

Millions of taxpayers who earned $53,267 or less last year may qualify for EITC for the first time in 2016, making awareness critical.

“One-third of the population eligible for EITC changes each year as their personal …

Upcoming Tax Deadlines

Tu 15 Corporations: File Form 1120 for calendar year and pay any tax due. For automatic 6-month extension, file Form 7004 and deposit estimated tax.

Tu 15 S Corporations: File Form 1120S for calendar year and …