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Internal Revenue Service

Sunday, January 13, 2013

IRS Announces New 2013 Tax Rates and Standard Deductions

It's tax time again in Tucker and elsewhere. Standard deductions will increase, but the ceiling for itemized deductions decreases in 2013, plus other changes that will affect your taxes this year.

On Friday, the Internal Revenue Service announced annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012.  The tax items for 2013 of greatest interest to most taxpayers include the following changes. Details on these inflation adjustments and others are contained in Revenue Procedure 2013-15, which will be published in Internal Revenue Bulletin 2013-5 on Jan.28, 2013. Other inflation adjusted items were published in October 2012 in Revenue Procedure 2012-41. -News release from the Internal Revenue Service If you have tax questions and need an expert, use the Tucker Patch Directory to locate a CPA or Tax Service near you.

Monday, August 20, 2012

Philanthropy: How Tucker Gives

The Chronicle of Philanthropy's special report 'How America Gives' has an interactive tool that shows how we're doing locally.

The Chronicle of Philanthropy today came out with a special survey called 'How America Gives' and the Atlanta area ranks relatively high. But how did Tucker do? There is an interactive tool that allows you look up results according to ZIP code, and 30084 came in at 1,884th out of 28,725 places in the country. Total contributions from our area came to $18.1 million. Median contribution was $2,946 and the median discretionary income was listed as $49,088, which represents 6 percent of income given. The report is based on the Internal Revenue Service's most recent available records of Americans who itemized their deductions, the Chronicle says; the study examines taxpayers who earned $50,000 or more in 2008. Have you made any charitable …

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