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Tax

Monday, January 14, 2013

IRS Announces 2013 Federal Tax Rates and Standard Deductions

Important tax information for residents of Oconee County and elsewhere.

The following is a news release from the Internal Revenue Service: 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. If you have tax questions and need an expert, use the Oconee Patch directory to locate a CPA or Tax Service …

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