We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
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 –...
2022 Tax Rate Taxable Income 10% 0 – 2,750 24% 2,751 – 9,850 35% 9,851 – 13,450 37% Over 13,450 2023 Tax Rate Taxable Income 10% 0 – 2,900...
Corporate tax rates and Section 179 expense limits are noted here for your use. C Corporations Pass Through Entities (S corps, partnerships and sole proprietors) *Select companies above these limits...
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...
Are you Eligible? Since 1975, the Earned Income Tax Credit (EITC) has provided a tax break to millions of Americans each year. The credit was originally established to give low...
A timely knowledge of this definition is pretty important If you have problems getting to sleep at night and you turn to the IRS tax code for help, you might...
Your grandson needs a car, but cannot afford the payments. As a favor, you provide the $25,000 to purchase the car. You tell your grandson to pay you back when...
Question: Can I itemize my deductions this year? Answer: If you have enough personal expenses, you may save income taxes if you itemize your deductions. Compare your itemized deductions with...
Please use the form to contact us regarding your questions and tax issues. Please do not send confidential information using this form.