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Tax Article

2014 Tax Extenders Bill Has Been Signed
On Friday December 19, 2014 the President signed the Tax Extender Bill. With the Extenders individual taxpayers would still be able to claim on their 2014 returns such items as:

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2014 Moving expenses standard mileage rate
If you move for employment, the move is a qualified move, and use your car to take yourself, members of your household, or your personal effects to your new home, in Tax Year 2014 you can use the standard mileage rate of 23.5 cents per mile -(Was 23 cents in 2012, 24 in 2013). Remember if you use the standard mileage rate you can deduction the parking fees and tolls you pay to move, but not the repairs, general maintenance, insurance, or depreciation.

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Personal State Tax Information

All state Filing Due dates have passed. Most states have a late filing fee, interest or both if amounts are do. Some states have filing penalty even if no amount due. Check your states instructions in the Penalty and Interest section for details. For access to state instructions and state website continue to state information.

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