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Dec 2013It’s the Most Wonderful Time of the Year…How to prepare to file your individual tax return
The passing of Prop 30 left Californians with income tax rates at 13.3% (that’s the highest in America!). Tax rates increased from 1% to 3% for all individuals and families who make over $250,000 annually. Households who make more were hit hard with a 10.8% to 29.1% increase overall. What will tax rates be looking like for you this year? If you are single……
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Dec 2013The 2014 Tax Season Has Arrived!
Mark your calendars, January 31st is the official date- the Internal Revenue Service has announced that they will be processing and filing tax returns, just a little later than planned thanks to the government shutdown we experienced in October. So what does this mean for us? Basically, your refunds are going to be issued later. The IRS wants to make it very clear that it…