2015 Tax Changes for the 2014 Tax Season | Tax Stories of the Jacksonsville Princess
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The Internal Revenue Service announced on 30th October, 2014 that there was an annual inflation in the United States of America and they made more than 40 adjustments on the tax provisions. The following tax changes have been outlined on the Revenue Procedure 2014-61. If you unsure how to file your taxes with these new changes, consider using a tax program like TaxAct 2014.

Logo of the Internal Revenue Service (Photo credit: Wikipedia)

According to the Internal Revenue Service, 39.6% of the new tax rate affects unmarried individuals whose income is more than $413,200 as well as married couples whose income exceeds $413,200. In addition to this, the standard deduction for the unmarried will rise to $6,300 while for the married couples whose returns are not the same will rise to $12,600. On the other hand, standard deduction for married couples who fill the same returns will have their … Read 2015 Taxes
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