How changes in tax laws may affect you
Rotarian Dale Worden, CPA, reviewed some of the changes in federal and Wisconsin state tax laws. He discussed how they affect filing for 2015, as well as what to look for in 2016. He had time for just a sampling, which included:
- Qualified adoption credit is $13,400. Can be carried forward for 5 years.
- Mortgage insurance premium is deductible on federal and state forms.
- Business write-off amount (Sec. 179) decreased to $25,000 on new or used equipment
- Auto mileage expense. 57.5 cents/mile in 2015. Reduced to 54 cents/mile for 2016.
- Farmland credit available for Wisconsin filing. Must own more than 35 acres.
- K-12 school tuition may be deductible on Wisconsin form. Maximum of $4,000; must compute.
Be sure to consult your tax advisor with any questions.
Also during this meeting, Rotarian Dianne Moore provided an update on the results of our murder mystery dinner. Preliminary indications are that we netted just shy of $3,400. Everyone agreed that it was a fun and successful event. Visit our image library
for pictures from the event and a list of sponsors. Please support those businesses.
Solving a totally rad mystery
Normally, a prom is just an excuse for high school students to dance the night away. Not for the kids at Mayhem High. This was, like, too much. One of their classmates, Bobby Backer, didn't make it home from the prom. Yep, Bobby went belly up on the big night
We learned that Bobby, a standout baseball player, had suddenly started doing well in math. (No way!) Of course, his parents promised him a car for good grades. That didn't sit well with twin sister Gabby Backer: No car for her. Meantime, Bobby dumps Sally Spirit, a cheerleader. (Wow!) And rumor had it that Bobby had bribed the math teacher. Oh, the list of suspects was longer than David Lee Roth's hair!
But eventually the bad guy--actually, a bad girl--as discovered. And the night was saved.
More than 150 guests turned out for our murder mystery dinner, held Saturday at New Berlin Banquet Center. Final numbers aren't in yet, but we hope to net more than $4,000. We appreciate the support of everyone, but a special tip of the hat to Angie Leikam. Angie and her husband, Dave, own Full Service Car Wash
. Angie won the 50/50 raffle, and immediately donated her $440 back the club. (Coincidentally, Angie won last year's 50/50 raffle too. She donated those funds to the club, as well.) Thank you, Angie!
We were honored to have Miss New Berlin, Alyssa Weissman, assist with raffle ticket sales. Here she is tag-teamed with Rotarian Scott Klaas. Alyssa's superior sales skills helped us gross $880 in 50/50 raffle sales alone.
Proceeds from this, our 10th annual dinner, will support local programs, including the New Berlin Police Department's Midnight Volleyball program and Rotary's World Affairs Seminar
(we will sponsor two New Berlin high school students), among others. We'd like to thank all the guests, donors and volunteers for making this a resounding success. (For more images, and a list of sponsors, visit our image library.