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2017 Standard Mileage Rates for Business, Medical and Moving Announced

2017 Standard Mileage Rates for Business, Medical and Moving Announced The IRS just released the 2017 Standard Mileage Rates. Rates are not keeping up with inflation as in prior years, the 2017 standard mileage rates actually went down for the first time in many years. The Internal Revenue Service today issued the 2017 optional standard […]

Free File Opens Today; Offers Brand-Name Free Federal and Free State Tax Software

2014 Income Tax Returns Statistics

2014 Income Tax Returns Statistics IRS have released the statistics for 2014 Income Tax Returns.   WASHINGTON — The Internal Revenue Service today announced the availability of Statistics of Income–2014 Individual Income Tax Returns Complete Report. U.S. taxpayers filed 148.6 million individual income tax returns for tax year 2014, up 0.9 percent from 2013. The adjusted […]

IRS begin accepting several tax returns early!

Great news! The IRS have begin testing for the upcoming Tax Season 2015. We have reports from our affiliate RefundSchedule.com that the IRS have accepted several lucky tax payers to have their IRS tax returns accepted early. This does not include state tax returns as far as we know. They accepted January 14th through January […]

What is the Earned Income Tax Refund Credit?

The earned income tax credit (EITC) subsidizes low-income working families. The credit equals a fixed percentage of earnings from the first dollar of earnings until the credit reaches its maximum; both the percentage and the maximum credit depend on the number of children in the family. The credit then stays flat at that maximum as earnings continue to […]