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01/16/2024

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01/15/2024

📣 Attention all taxpayers! 📣

✅ Have you been putting off filing your taxes and need some urgent assistance?
✅ Are you overwhelmed by complex tax regulations and need a reliable expert to guide you through the process?
✅ Worried about missing out on potential deductions and exemptions?

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02/02/2023

01/09/2023

This Coming tax season (2022 that you will file in Jan of 2023)

🚫You will NOT be eligible for a refund without having EARNED Income.

🚫There will NO longer be the option to use the "2019 lookback provision"

🚫CTC will NOT be 100% refundable. And will go back to the current law of $2000 per child with $1400 being refundable (depending on income) meaning just because you file 3 dependents doesn't mean $3200 will be automatically added.
**must make a minimum earned income to qualify.

✅️The CTC is back to only dependents up to 17....So any child that will still be 16 on Dec 31st 2022, and younger.

✅️EIC will be back to normal. Those 25 and older with no dependents will qualify (not 19 and over) *there are some exceptions.

✅️The amounts for EIC for no dependents will go back to normal (It was $1,502 for this year and will go back to $560 for 2022) credit based by earned income.
****Must have minimum earned income.

🚫Dependent care credit (Daycare credit) will NOT be 50% refundable. It will go back to the normal 20%-35% with a maximum amount to claim of $3000 for 1 or $6000 for 2 or more dependents.

✅️As with all credits, the Dependent Care credit is based on income. In 2022 it will go back to the credit being reduced syarting with an AGI of $15,000 or more instead of $125,000 like it was this year. (HUGE DIFFERENCE)

🚫There will be no more stimulus payments you could claim on your 2022 taxes.

️❇️❇️ Bottom line is as of right now this tax season will pretty much be back to normal. So you must have an income in order to file taxes and expect a refund.

✴️✴️Making sure you are getting enough federal taxes withheld is very important. If your total income will be less than your filing statuses standard deduction. You don't need any federal taxes withheld.

$12,950 for single filers

$12,950 for married couples filing separately

$19,400 for heads of households

$25,900 for married couples filing jointly

$25,900 for surviving spouses

-This Is Why You Need A Professional Filing Your Taxes💸💸

12/23/2022

Contact the TaxPro let's increase that return ‼️

12/23/2022

What you waiting on contact Eric let's make it happen ‼️💰