Tax season is always a busy time for scammers trying to gain access to sensitive information, but this year attacks are coming earlier and in greater numbers than usual. The uptick has caused the IRS to release an urgent alert warning employers to be on the lookout for what they’re referring to as “one of… Read More

The IRS has released Revenue Procedure 2016-55 <https://www.irs.gov/pub/irs-drop/rp-16-55.pdf>, which provides annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules and other tax changes. The tax items for tax year 2017 of greatest interest to most taxpayers include: *   The standard deduction for married filing jointly rises to $12,700 for tax… Read More

Important FAFSA news for parents with current or prospective college students: The Free Application for Federal Student Aid (known also as FAFSA) is the method of application for student financial aid. This is a free application. Future and prospective college students must complete a yearly FAFSA to determine a student’s eligibility for student financial aid.… Read More