Head of household tax filing status is available for unmarried taxpayers and certain separated taxpayers who provide a home for a qualifying person, such as a child or a parent....
We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
Head of household tax filing status is available for unmarried taxpayers and certain separated taxpayers who provide a home for a qualifying person, such as a child or a parent....
While most of us know this area of the tax code as the nanny tax, the IRS refers to this as household employees. Definition. Basically the IRS believes individuals may...
The federal tax law allows certain items to be deducted above-the-line to arrive at adjusted gross income (AGI). These deductions are now noted in Schedule 1 of the new form...
Alimony audits The U.S. Treasury Department recently released an audit report revealing a disturbing level of non-compliance in alimony reporting on tax returns. This non-compliance will result in a vast...
Here’s a quick review of some of the tax changes you’ll see from 2022 to 2023 as a result of inflation adjustments and new tax laws. Provision 2023 2022...
Always know your marginal tax rate. Use the tax table here to see the rates applied to each level of your income. SINGLE Tax Rate 2023 2022 10% $1 –...
Retirement Plan Contribution Limits 2022 2023 IRA for those under age 50 $6,000 $6,500 IRA for those 50 and over $7,000 $7,500 SIMPLE plan for those under age 50...
Standard Deduction The standard deduction increases by $1,500 for a married taxpayer aged 65 or older or blind ($3,000 if both 65 and blind); by $1,850 for a single taxpayer...
Question: Is there anything wrong with getting a big income tax refund every year? Answer: Yes, it means you’re giving the IRS an interest-free loan when you could have the...
Here are the key income phaseout levels for this year and last year. American Opportunity Tax Credit 2023 2022 Single / Head of household $80,000 – 90,000 $80,000 – 90,000...
Please use the form to contact us regarding your questions and tax issues. Please do not send confidential information using this form.