Tag Archives: taxpayers

A first look at 2017 inflation-adjusted tax amounts now available

An early glimpse at the income tax picture for 2017 is now available. The new information includes estimated ranges for each 2017 tax bracket as well as projections for a growing number of inflation-sensitive tax figures, such as the tax rate brackets, personal exemption and the standard deduction. Projections –...
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IRS 2013 audit rates vary among taxpayers

Recently-released statistics from the IRS show a drop in audits among all income groups for fiscal year (FY) 2013 with the overall individual audit rates at their lowest level since FY 2006. At the same time, the number of IRS employees working audits has decreased. However, enforcement revenue increased. Taxpayer...
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