Yonkers, New York (YB) – The tax year is here now and is time to get things done, the right way. LCF, Inc., has been serving the Bronxville, Yonkers, Bronx, White Plains and Westchester community for the past 10 years, a local tax preparer and one that keeps up to date with tax laws. Call 914-374-7790 for a FREE pickup and delivery of your tax return.
What is new for 2010 tax returns vs 2011 you may ask?
[Updated Jan 2011] President Obama and Congress have approved a two year extension to all the Bush-era tax cuts. This means that the 2011 federal IRS tax rates will be the same as 2010 rates, shown in the table below. However tax bracket ranges and standard deduction levels have increased slightly due to low inflation. A rise in tax rates would have cut the after-tax pay by $3,000 for the average tax payer, so the tax rates extension is worth a lot given current economic conditions. However, the extension is only for 2 years and unless the economy really tanks, don’t look for these to be extended again in 2013.
2010 vs 2011 Federal IRS tax rates, brackets and income thresholds
This Article is courtesy of Saving to Invest
For a pickup delivery of your tax return, call 914-374-7790.
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