The IRS has delayed the mandatory date that employers have to mail out the forms that prove you were covered by medical insurance. These forms are needed to file your 2016 taxes. The new date they must be mailed out by is March 2, 2017. If you know, for sure, which months you and your […]
Make sure you get a 1098-T form from the college, university or trade school that your child attends. The form may been to be downloaded from an on-line site or the school may have mailed it to your child. Remember…… -if your child is under 24 and a full time student for any part […]
NEW REQUIREMENTS In an ongoing effort to help cut down on IDENTITY THEFT, both the IRS and the Ohio Department of Taxation have come up with NEW REQUIREMENTS for filing tax returns. We understand that these requirements may be inconvenient and seem intrusive but unfortunately we must follow them. For all tax returns please provide […]
2017…….New Year…new tax figures, phaseouts, etc. Here are a few….. Deductible Medical—– now EVERYONE can only deduct those qualified expenses that are over 10% of adjusted gross income. For the last couple years it’s been 7.5% for those 65 and over but that has come to an end. Earned Income Tax Credit– a maximum of […]
