What was the business tax rate for 2016?
The standard mileage rates for the use of a car, van, pickup or panel truck are: 54 cents per mile for business miles driven in 2016, down from 57.5 cents in 2015. For those planning ahead, the 2017 rate, for use on a 2017 return filed next year, is 53.5 cents per mile.
Is the IRS still processing tax returns for 2016?
The IRS is no longer processing refunds for 2016. You must have filed your return within 3 years of the return due date to claim a refund. Free account roll-over and back-ups of completed tax returns are included. We answer your questions through email and the account message center. We check for errors as you go.
What is the top marginal tax rate for 2016?
The top marginal income tax rate of 39.6 percent will hit taxpayers with taxable income of $415,050 and higher for single filers and $466,950 and higher for married filers.
Is there any way to file taxes for 2016?
You can still file 2016 tax returns. Even though the deadline has passed, you can file your 2016 taxes online in a few simple steps. Our online income tax software uses the 2016 IRS tax code, calculations, and forms. File late taxes today with our Maximum Refund Guarantee. All available prior years
Can you still file a tax return for 2016?
You can still file 2016 tax returns. Even though the deadline has passed, you can file your 2016 taxes online in a few simple steps. Our online income tax software uses the 2016 IRS tax code, calculations, and forms.
What was the tax rate per mile in 2016?
For those planning ahead, the 2017 rate, for use on a 2017 return filed next year, is 53.5 cents per mile. 19 cents per mile driven for medical or moving purposes in 2016, down from 23 cents in 2015. The 2017 rate is 17 cents. 14 cents per mile driven in service of charitable organizations.
What is the federal Social Security tax rate for 2016?
The social security tax rate is 6.2% each for the employee and em- ployer, unchanged from 2016. The social security wage base limit is $127,200. Dec 19, 2016 Page 2 of 69Fileid: … ations/P15/2017/A/XML/Cycle05/source14:34 – 19-Dec-2016
