2020 Standard Deduction Married filing jointly $24,800 Single taxpayers $12,400 Married individuals filing separately $12,400 Head of...

Standard Deduction 2019 Standard Deduction Married filing jointly $24,400 Single taxpayers $12,200 Married individuals filing separately...

Here is a handy guide with tax tables and highlights of tax changes for 2018 individual returns. Source: Journal of Accountancy. Quick...

The optional standard mileage rates for business use of a vehicle will increase in 2019. For business use of a car, van, pickup truck, or...

Maine Tax Rates For tax years beginning in 2017, the top tax rate bracket threshold is: $50,000 for single filers and married persons...

Maine’s minimum wage for exempt employees is $10.00 an hour as of January 1, 2018. The annual income for an exempt employee must exceed...

Most of the provisions in the Tax Cut and Jobs Act take effect on January 1, 2018 which will affect tax returns filed in 2019. Several...

Business: The standard mileage rate for transportation or travel expenses is 54.5 cents per mile for all miles of business use (business...