It’s hard to believe it but 2013 is already starting to wind down. In just a few short days we will be into October and before you know it the year will be turning over into 2014. Then it will become everyone’s favorite time of the year – tax time! Preparing before the crunch can take the stress out of ordeal. Here is a list of the documents you will need to have at the ready to complete your Wayne County, Michigan taxes in 2014. If you are located in Michigan and are looking for a certified public accountant to handle your individual or business taxes give us a call at 734-844-1614 to learn how we can help.

Documents you should have to file your taxes in 2014:

Income paperwork:

• W2 forms
• Interest Income
• Retirement Income
• Dividends
• Misc income, self-employment
• Social security income
• Government payments

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Paperwork for deductions:

• Mortgage interest
• Tuition
• Student loans

Receipts for deductions:

• Donations to charity
• Mileage for work/volunteering
• Health care expenses
• Retirement contributions
• Self employment income/expenses (Home office, advertising, et cetera)
• Energy efficient home improvements
• Moving expenses
• Rental property
• Childcare expenses

This is a quick list of the items you should bring to your accountant when filing your tax returns. If you would like to speak in more detail or have specific questions please contact us at 734-844-1614 and we will be happy to answer all of your questions. If you have a tax question that you would like us to explain in detail stop by our Facebook fan page wall and leave us a comment. We look forward to helping!

The end of 2013 is nearing and the IRS has released the official rates for individuals and married taxpayers for filing before the April 2014 deadline. These are the official tax rates for the 2013 calendar year that ends in December.

Individual Filer Rates:

• $0 to $8,925 = 10% rate
• $8,926 to $36,250 = 15%
• $36,251 to $87,850 = 25%
• $87,851 to $183,250 = 28%
• $183,251 to $398,350 = 33%
• $398,351 to $400,000 = 35%
• $400,001 and above = 39.6%

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Married Filing Jointly:

• $0 to $17,850 = 10%
• $17,851 to $72,500 = 15%
• $72,501 to $146,400 = 25%
• $146,401 to $223,050 = 28%
• $223,051 to $398,350 = 33%
• $398,351 to $450,000 = 35%
• $450,001 and over = 39.6%

Married Filing Separate:

• $0 to $8925 = 10%
• $8,926 to $36,250 = 15%
• $36,251 to $73,200 = 25%
• $73,201 to $111,525 = 28%
• $111,526 to $199,175 = 33%
• $199,176 to $225,000 = 35%
• $225,001 and over = 39.6%

If you are looking for help with your Wayne County taxes please contact us at 734-844-1614 or fill out our contact form and we will reach out to you.