News and Tax Updates

Recent tax law updates:

American Taxpayer Relief Act - Tax Cuts and Jobs Act of 2017 signed into law on December 22, 2017. 

American Taxpayer Relief Act - Protecting Americans from Tax Hikes Act of 2015 signed into law on December 18, 2015

American Taxpayer Relief Act - Major tax provisions effective for both 2012 & 2013 signed into law on January 3, 2013.

New standard mileage rates announced - Business and medical mileage rates have been set for 2018.


2010 tax law updates:

Affordable Care Act Tax Provisions - Current provisions that are in effect now!

Small Business Jobs Act of 2010 - Includes accelerated depreciation of equipment purchases, Gain exclusion for small business stock and increased tax benefit for self employed health insurance premiums. - Expired at the end of 2012.

Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 - Includes 2% Social Security payroll tax cut for 2011, extended and increase child tax, earned income and education tax credits.  Also extends most of the current tax rates through 2012 and provides AMT relief. - Expired at the end of 2012.


2009 tax law updates:

American Opportunity Tax Credit Federal - Tax Credit for College Expenses - Reinstated as part of the American Taxpayer Relief Act of 2012.

Plug-In Electric Vehicle Credit - Electric Car & Golf Cart Tax Credit

Energy Incentives for Individuals in the American Recovery and Reinvestment Act - Home Improvement Tax Credit - provisions expired at December 31, 2010


Home Improvement incentives in the American Recovery and Reinvestment Act - HVAC / Water Heaters / Winterizing - provisions expired at December 31, 2010

Business provisions of the American Recovery and Reinvestment Act - Accelrated Equipment Write-offs and Health Insurance Subsidy

2012 Federal income tax table

Georgia Tax Credit Guide

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News & Updates
IRS announces major audit program targeting underpayment of employment taxes by companies.
The IRS has delayed accepting individual returns until February 14th due to the late tax law changes in 2010.
To learn more click HERE to contact me.

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