David M.Green Bookkeeping and Tax Service -
RSS

Recent Posts

IRS Has Refunds Totaling $1 Billion for People Who Have Not Filed a 2013 Federal Income Tax Return
File Without 1095-B or 1095-C
6-Month Extension Period for Calendar Year C Corporations
Early Withdrawals from Retirement Plans
The State of Pennsylvania has released their 2017 tax due date reference guide.
powered by

My Blog

New Allowable Living Expense Standards Released

The IRS has released the 2014 update to its Allowable Living Expense Standards that apply to taxpayers who need to delay full payment of delinquent taxes.

The ALE Standards are used to objectively determine what a taxpayer can claim as basic living expenses to avoid undue hardship when they have to delay full payment of taxes.

The IRS provides nat...and additional amounts for monthly operating costs broken down by Census region and metropolitan statistical area.

National standards for one to four persons in a household include between $315 and $794 for food and between $88 and $244 for apparel and services. Allowable out-of-pocket health-care costs are $60 for those younger than 65 and $144 for those 65 and older.

0 Comments to New Allowable Living Expense Standards Released:

Comments RSS

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment