Category Archives: Uncategorized

What you need to know about health insurance & taxes

We receive many calls about the health insurance requirements under the Affordable Care Act. Below we outline, in plain English what is defined as coverage, how exemptions work and how the penalties are calculated. If you are a U.S. citizen … Continue reading

Posted in Blog, News, Uncategorized | Tagged , , , | Comments Off on What you need to know about health insurance & taxes

Tax Year 2015 Business Tax Updates

As we move into 2016, here are a few tax updates and reminders you should be aware of: Florida Minimum Wage as of 1/1/16 – $8.05 ($5.03 for tipped employees)  North Carolina Minimum Wage as of 1/1/16 – $7.25 (equal … Continue reading

Posted in Uncategorized | Tagged | Comments Off on Tax Year 2015 Business Tax Updates

North Carolina 2015 Tax Changes

The following tax changes impact only those individuals and businesses filing state taxes with the State of North Carolina for 2015. Tax Rate – 2015 and 2016 Individual Tax rate is 5.75% (down from 5.8% in 2014). Set to be … Continue reading

Posted in Uncategorized | Tagged , | Comments Off on North Carolina 2015 Tax Changes

Tax Changes to Know for Tax Year 2015

Tax breaks, credits and values change each year. Every year many tax breaks are adjusted for inflation. We’ve complied a list of tax changes that may be valuable to you for Tax Year 2015. Tax Brackets: The income range has increased … Continue reading

Posted in Uncategorized | Tagged | Comments Off on Tax Changes to Know for Tax Year 2015

Tax Year 2015 Standard Deduction Table

Tax Year 2015 Standard Deduction Table Filing Status Standard Deduction Single $6,300 Head of Household $9,250 Married Filing Separately $6,300 Married Filing Jointly $12,600 Qualifying Widow(er) $12,600

Posted in Uncategorized | Comments Off on Tax Year 2015 Standard Deduction Table

2015 & 2016 Individual Tax Brackets

2015 Individual Tax Brackets (For taxes due April 18, 2016) Tax rate Single filers Married filing jointly or qualifying widow/widower Married filing separately Head of household 10% Up to $9,225 Up to $18,450 Up to $9,225 Up to $13,150 15% … Continue reading

Posted in Uncategorized | Tagged , | Comments Off on 2015 & 2016 Individual Tax Brackets

The Tax Advantages of Donating Appreciated Stock to the JCC

Partner Barry Shacter recently authored an article on donating appreciated stock in the Spring 2015 issue of Chai Ways, a publication by the David Posnack Jewish Community Center. To read how appreciated stock can help you avoid costly tax mistakes, … Continue reading

Posted in Blog, News, Uncategorized | Tagged , , , | Comments Off on The Tax Advantages of Donating Appreciated Stock to the JCC

Tax Changes to Know for Tax Year 2014

Tax breaks, credits and values change each year.   Every year many tax breaks are adjusted for inflation.  We’ve complied a list of tax changes that may be valuable to you for Tax Year 2014. Important: Many tax credits and breaks … Continue reading

Posted in Uncategorized | Tagged , | Comments Off on Tax Changes to Know for Tax Year 2014

Tax Year 2014 Standard Deduction Table

Tax Year 2014 Standard Deduction Table Filing Status Standard Deduction Single $6,200 Head of Household $9,100 Married Filing Separately $6,200 Married Filing Jointly $12,400 Qualifying Widow(er) $12,400

Posted in Uncategorized | Comments Off on Tax Year 2014 Standard Deduction Table

2014 Individual Income Tax Rate Schedule

2014 Individual Income Tax Rate Schedule (for Tax Returns Due by April 15, 2015) Tax Rate Single Married/Joint & Widow(er) Married/Separate Head of Household 10% $1 – $9,075 $1 – $18,150 $1 – $9,075 $1 – $12,950 15% $9,076-$36,900 $18,151 … Continue reading

Posted in Uncategorized | Comments Off on 2014 Individual Income Tax Rate Schedule