Ernst & Young has released the EY Tax Guide 2016, adding new chapters of information on tax preparation.

The annual guide is now available online and in bookstores nationwide to guide taxpayers through tax season. New to the 31st edition are important updates on tax law changes, including two chapters on premium tax credits and tangible property regulations, and how they affect people.

“Every IRS change affects somebody, whether its income earners or investors, students or retirees, renters or lessors, business owners or partners, charity workers or leading philanthropists,” said Greg Rosica, contributing author to the EY Tax Guide 2016, in a statement. “Perhaps most top-of-mind is health vare. The new chapter on premium tax credits explains how they help eligible individuals and families afford the insurance offered by the Health Insurance Marketplace before nonparticipation penalties climb in 2016. But there are many more life situations to consider as you make adjustments to your 2015 tax profile and plan ahead for 2016.”

The guide is available in a variety e-book formats (eMOBI, ePUB and ePDF) as well as traditional hard copy. The publication includes the official Internal Revenue Service (IRS) tax guide, Publication 17 – Your Federal Income Tax, which contains the IRS’s position on many of the questions taxpayers face and the latest 2015 tax law changes. The EY Tax Guide 2016 also provides special tips from EY focused on major tax issues for families, homeowners, investors, entrepreneurs, senior citizens and military personnel. The EY Tax Guide 2016 also incorporates a number of valuable tools and lists, including how to avoid the 25 most common tax-filing errors, the 50 most overlooked tax deductions, enhanced coverage of the alternative minimum tax, green tax breaks and incentives, and more than 1,000 tax tips.

A companion website at helps taxpayers stay up-to-date on tax law changes.

Taxpayers and professional tax preparers alike can sign up for the guide’s companion website to receive tax alert emails and access up-to-date information about tax law changes.

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