This brief letter has tax updates (Second Quarter 2016) concerning work clothing tax deductions, Obamacare, cash payments for IRS now accepted at 7-11 and the Social Security wage base for 2017. Some of these important tax developments that have occurred in the past three months may affect you, your family, your investments, and your livelihood. Check back for third and fourth quarter tax updates, as tax laws are constantly changing. Also, we will be publishing an end-of-the-year tax planning tips’ sheet.