Earned Income Credit

Don’t Overlook Tax Breaks for Grandparents Raising their Grandchildren

More and more individuals who thought their child-rearing days were over are now raising their grandchildren. Grandparents in this challenging situation should be aware that a variety of tax breaks may be available to ease the financial burden of becoming … read more

Various Tax Benefits Increase Due to Inflation Adjustments for 2014

The Internal Revenue Service has announced its 2014 inflation adjustments for various tax provisions, tax rate schedules and other tax changes. Listed below are the 2014 rates for items of the greatest interest to most taxpayers. • The tax rate of … read more

IRS Announces Annual Inflation Adjustments

Each year, the eagerly anticipated inflation adjustments are released by the IRS.  Included in the annual inflation adjustments for 2013 are the following: • Beginning in tax year 2013 (generally for tax returns filed in 2014), a new tax rate of … read more

Your Kids May Help You to Qualify for Tax Benefits

As a mom of two precocious little boys under the age of four, I spend a great deal of time saying things like “please don’t hit your brother” or “please don’t step on your brother” or my favorite “my house … read more

Married Filing Jointly or Married Filing Separately?

Is it more advantageous for married couples to file income tax returns jointly or separately?  Unfortunately, the answer is not as simple as it may sound.  When filing separately, some credits and deductions are not allowed.  These include earned income … read more

When Does a Student Need to File a Return?

If you are an unmarried dependent, you must file a tax return if your earned and/or unearned income exceeds certain limits.  Earned income includes salaries, wages, tips, professional fees, and taxable scholarship and fellowship grants.  Unearned income includes taxable interest, … read more


There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.

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