Category Archives: Uncategorized

2016 Standard Mileage Rate

The 2016 Standard Mileage Rate for Businesses is 54 cents per mile. Charity Mileage Rate is 19 cents per mile. If you have any questions please call me at 734-332-9949

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What is Self-Employment Tax?

Self-employment tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners. You figure self-employment … Continue reading

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Tips for Taxpayers Who Missed the Tax Deadline

Call me for help at 734.332.9949. Here are tips for you: If you missed the April 15 tax filing deadline, don’t panic. Here’s some advice from the IRS. File as soon as you can. If you owe taxes, you should … Continue reading

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Seven tips for taxpayers with foreign income

1. Report worldwide income. 2. File required tax forms. 3. Consider the automatic extension. 4. Review the foreign earned income exclusion. 5. Don’t overlook credits and deductions. 6. Get tax help outside the U.S. If you have questions or would … Continue reading

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Customer Testimonial from Mary Ribeiro, Seniors Helping Seniors

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State of Michigan Individual Income Tax for 2016 Tax Returns

Personal Exemptions Allowances:  The annualized allowance for each tax payer and dependent is $4,000.   The reason for the odd number is due to the fact that the annual rate changed as of October 1, 2012.  Additional exemption allowances were … Continue reading

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Federal Taxes Individual Rates for 2016 Taxes

Personal Exemption Allowances:   Personal and Dependent amounts are $4,050 Each. Capital Gains and Qualified Dividends:  If you are in the 10 OR 15% tax bracket,  the tax rate is 0%.   For other income tax brackets, the tax rate … Continue reading

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