Tax & Business Tips Blog

New Tax Exemption for the 2016 Filing Year

New Tax Exemption for the 2016 Filing Year

A tax exemption is an allowable deduction for each person within your household that is considered to be an allowable exemption. That would mean, yourself, your spouse and each dependent child, or qualifying relative. An exemption allows you to reduce the amount of tax owed. This year, for the 2016 filing season, this tax exemption amountRead more about New Tax Exemption for the 2016 Filing Year[…]