When Tax Planning, Look Out for Changes to Tax Laws

Tax Planning 1040 Individual Tax Form

While much of the U.S. tax code doesn’t have an impact on the average taxpayer, it is still important to be aware of the numerous tax changes that are implemented each year. One of the most important changes of 2014 was the increase in personal and dependent exemptions to $3,950. You can find out about further changes on the IRS website.

Utilize these tips and enjoy a stress-free build-up to tax season because you will have already sorted out your obligation.

For further questions about Phoenix tax planning accounting, please contact Singer Tax & Accounting, PC today at (602) 482-8006.

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