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Tax Day is May 15th

Louisiana Individual Income Tax Returns Are Due TODAY

Today(Monday, May 15) is the deadline for filing 2017 Louisiana Individual Income Tax returns.

Taxes can still be electronic filed with The Louisiana Department of Revenue. Louisiana File Online is the state’s free tax filing web application which can be reached at www.revenue.louisiana.gov/fileonline.

Last Chance For Filing Extensions

If you need more time to prepare your individual state income tax return, you must submit an extension request by Close of Business today to avoid late filing penalties. An extension allows more time to file a return, but it does not allow more time to pay taxes due. Payments made after Today(May 15) are subject to penalties and interest.

Still Haven’t Filed? Person Huff can help!

The deadline is closing in, but if you need help starting your return, finishing your return, or preparing an extension then contact us ASAP for filing assistance!

Contact Person Huff CPA Group

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Health Savings Account Limits Slightly Increased

May 10, 2017

The IRS has issued the 2018 calendar year inflation-adjusted figures for the annual contribution limits for health savings accounts (HSAs), as well as the minimum deductible amounts, and maximum out-of-pocket expense amounts for high-deductible health plans. Under Sec. 223, individuals who participate in a high-deductible health plan (HDHP) are permitted a deduction for their contributions […]

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Temporary extension of Louisiana’s temporary sales tax might be temporary fix

May 5, 2017

No one in the State Capitol says they want to renew a temporary 1-cent increase in the sales tax that is scheduled to expire in mid-2018. “I continue to believe that (it) should roll off the books,” Gov. John Bel Edwards told reporters on Tuesday, in a comment echoed by state legislators of both parties. […]

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White House Unveils Tax Reform Priorities

May 1, 2017

The White House last Wednesday (April 26th) issued President Trump’s goals and key features for tax reform, which include slashing corporate tax rates, flattening individual marginal income tax brackets, and repealing of the estate and alternative minimum taxes. Trump outlined these proposals in a one-page sheet of bullet points headed “2017 Tax Reform for Economic […]

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Fake News: a Threat to Americans Financial Decision Making

April 28, 2017

A Serious Threat to Financial Decisions The threat of fake news reaches far beyond just politics. Americans say that fake financial news is affecting their ability to make retirement, investment, and health care decisions. In a recent AICPA survey of 1,018 adults, 58% of respondents said that fake financial news is a serious threat to […]

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Monday May 15 is The Louisiana State Tax Filing Deadline

April 24, 2017

Deadline Closing in Fast Monday May 15 is the deadline for filing 2017 Louisiana Individual Income Tax returns. Taxes can be electronic filed with The Louisiana Department of Revenue for the fastest, most error-free tax return and refund processing. Louisiana File Online is the state’s free tax filing web application which can be reached at […]

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State tax filing & payment extensions available for tornado-affected areas

April 10, 2017

Severe Storm Tax Relief Tax relief is available to Louisiana taxpayers affected by severe storms and tornadoes that struck the state on February 7, 2017. The Louisiana Department of Revenue is offering filing and payment extensions to residents whose homes, critical tax records or principal places of business are located in the following ZIP codes […]

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IRS Adjusts Service Vehicle Depreciation Limits

March 30, 2017

2017 inflation Adjustments to Vehicle Depreciation The IRS on Friday March 24th issued the 2017 inflation adjustments to the depreciation limitations and lease inclusion amounts for certain automobiles under Sec. 280F (Rev. Proc. 2017-29). This year’s guidance includes figures for vehicles that are placed in service in 2017 and to which first-year bonus depreciation applies. […]

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Proposed PPACA replacement bills contain many tax changes

March 20, 2017

The American Health Care Act House Republicans released draft bills to repeal and replace the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148, earlier this month. Collectively known as the American Health Care Act, the bills would repeal most of PPACA’s provisions and would enact a new system that would offer tax credits to […]

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