“I like to pay taxes. With them, I buy civilization.”
-Oliver Wendell Holmes, Jr.-

Much like change, taxes are a fact for most of the world’s population. Both are constants. Interestingly, one constant – change – always impacts the other – taxes.

Toward the end of every year, the Internal Revenue Service digests Congressional action and its own regulation into a press release, updating relevant tax parameters for the following year.

If you are like most people, taxes are not your favorite subject, but reviewing and understanding relevant tax data can be beneficial; knowledge can save you money.

Attached is a tax reference guide for 2016. If you have any questions or comments, please let us know.

2016 Tax Rates, Schedules, and Limitations